My provision for tax as per accounts is Rs.472000/- but per Income tax act tax settled at Rs.744000/- how should I deal with the difference. I have filed the Income tax return by showing the provision of Rs.472000/- only I have not created the short provision now pls suggest me what is the option. should I need to provide for such short provision in accounts and adjust the accounts as at 31st March and Income tax return as well pls suggest thaanks for all.
CAclubindia
