Excess short provision
This query is : Resolved
15 December 2007
Pls Define Excess Short Provision?
thanx
regards
Ghanshyam
thanx
regards
Ghanshyam
15 December 2007
hi ghansham,
The issue of excess / short provision arises when the provision as per books are different with the IT Order issued by the IT department on assessment.
At such a situation, the excess / short provision are adjusted effecting the profit & loss account.
The said treatment shall be effected below the line the profit & loos account.
For further clarification feel free to reply.
rgds/
vineet
The issue of excess / short provision arises when the provision as per books are different with the IT Order issued by the IT department on assessment.
At such a situation, the excess / short provision are adjusted effecting the profit & loss account.
The said treatment shall be effected below the line the profit & loos account.
For further clarification feel free to reply.
rgds/
vineet
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