provision for income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2010
Dear experts is it necessary to create provision of tax in the books i.e in the books of 2009-10 or we can directly debit the income tax in next year at the time of payment
thanx in advance
thanx in advance
23 September 2010
YES YOU MUST CREATE THE INCOME TAX PROVISION IN THE BOOKS OF ACCOUNTS
23 September 2010
In the case of corporate assessee's provision is mandatory. In other cases,only recommendatory.
Message likes :
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23 September 2010
I agreed with sir ji
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