Provision are expected expenditure determined on some presumptions anticipating future events.Since they are not actual liability so no provision is allowed. Further coming back to question Prov of Income tax is not allowable exp.
Menu
Provision for Income Tax
not allowed.........agreed with all above views...
Recent Threads
- HOW TO DEAL WITH TRAVEL AGENT- HOW THEY RAISE THE
- E Way and E invoice required while movement of Exp
- ESI Applicability As per new wage Code
- Hottest NRI revenues and taxes on it in india
- LTCG on Sale of land bought on 23.07.14 and sold o
- PART B TO D IN INCOME TAX BLOCK RETURN ITRB
- 44ADA (software) and 44AD (app sales on store) whi
- GST registration for additional places of business
- Royalty on Intellectual property Rights
- Form 121 submission
Related Threads
CAclubindia
