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Short term provision according to scheduled III

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(Querist)
15 October 2023 what come under short term provision according to scheduled III.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 October 2023 The examples of Short-term Provisions are Provision for discount on debtors, Provision for tax, doubtful debts etc. The examples of Long-term Provisions are Provision for renewals and repairs, Provision for depreciation.

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