Sec 40a tax audit
This query is : Resolved
04 August 2010
Can u pls help
Wat is inadmissble
Actual Payment of tax for the F.Y.
or
Provision for tax for the F.Y.
Wat is inadmissble
Actual Payment of tax for the F.Y.
or
Provision for tax for the F.Y.
04 August 2010
Provision for tax is estimated at an amount which the assessee is liable to pay on its annual income.
Actual tax paid may be more/ less than provision.
The amount debited to p&l, being the provision becomes inadmissible.
Actual tax paid may be more/ less than provision.
The amount debited to p&l, being the provision becomes inadmissible.
04 August 2010
Whatever amount debited to the Profit & loss a/c is disallowable. It does not depend upon the amount of actual payment of tax.
Message likes :
1 times
04 August 2010
Agreed with Mr Aditya. Tax amount is not an admissible amount whether actual or provision.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
