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Provision for expense

This query is : Resolved 
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(Querist)
08 November 2016 Are provisions made for expenses allowed under the income tax act?
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Amol S Joglekar

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Amol S Joglekar (Expert)
08 November 2016 yes, if they are within the limits of respective sections of the income tax act AND the assessee follows MERCANTILE system of accounting
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