Can provision for specific purpose for eg renovation of building in comming 5-8 years (exact period and cost not know) is deductable as expense for tax purpose for a housing society which is registered as AOP ?????
Menu
Tax deduction on provisions
Replies (1)
provision are specifically disallowed except statutory provisions ( provisions required as per any law ) subject to section 43B. so provision for revocation of building can't be allowed
Recent Threads
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
Related Threads
CAclubindia
