Provision
This query is : Resolved
Guest
Guest
(Querist)
12 April 2013
Income Tax as per Computation is Rs 55000.
TDS is Rs 40000
Advance Tax is Rs 30000.
So why a provision of Rs 55000 is required in accounts when i do not have to pay anything or there is no outflow of resource.
TDS is Rs 40000
Advance Tax is Rs 30000.
So why a provision of Rs 55000 is required in accounts when i do not have to pay anything or there is no outflow of resource.
srinivas reddy
(Expert)
12 April 2013
you need not required to maintain any privison for the accounting year
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