Provisin for income tax
This query is : Resolved
chirag kankariya
(Querist)
26 June 2013
While preparing accounts of F.Y. 2011-12 i made short provision of income tax of Rs.1250.
So my question is can i adjust the shortage amount from opening balance of reserves or i have to show it as prior period item in F.Y.2012-13
please reply
So my question is can i adjust the shortage amount from opening balance of reserves or i have to show it as prior period item in F.Y.2012-13
please reply
Rupesh Jain
(Expert)
26 June 2013
adj with reserve amount balanc b/f
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