22 June 2011
Under which head Advance Tax will be classified? and if it is disclosed under loans and advances why should we do so? give reasons for clasification..
24 June 2011
if we don't show it in loans and advances head than it would have been deducting from the Current Tax payable so to provide more disclosure, and correct amount of current tax in balance sheet, by keeping this in mind these provisions might be inserted
CAclubindia
