Provision for tax entry help
Ankush (Student) (1369 Points)
13 April 2019
At what point of time should it be reversed and remove from balance sheet
1 Replies
Sarath Chandra
(CA Final Student)
(566 Points)
Replied 13 April 2019
Provision for tax A/c is created before tax is paid. So, it shall be reversed at the time of payment of tax.
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