Provision for income tax in profit & loss a/c

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Sankar Chakraborty (Querist)
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02 September 2013 HOW CAN I SET PROVISION FOR INCOME TAX FIGURE IN PROFIT & LOSS A/C AS WELL AS BALANCE SHEET ?

USING CALCULATOR OF INCOMETAXEFILING WEBSITE WHERE TO INPUT
ASS YEAR = 2013-14,
TAX PAYER : DOMESTIC COMPANY,
NET TAXABLE INCOME: 10066004.00
NOW TAX PAYABLE FIGURE WILL BE POPULATED : 3157980.00 (A)

OR,
BY FOLLOWING CALCULATION

NET PROFIT AS PER PROFIT & LOSS A/C : 10066004.00
ADD: DEPRECIATION AS PER CO. ACT : 12887674.00
LESS: DEPRECIATION AS PER I.T. ACT : 11141853.00
TAXABLE INCOME : 11811831.00
TAX PAYABLE : 3832348.00 (B)

WHICH FIGURE TO TAKE IS IT ‘A’ OR ‘B ‘ ???????? PLEASE GUIDE

ALSO PLEASE LET ME KNOW MARGINAL RELIEF IS APPLICABLE OR NOT IN THIS CASE ?????
BECAUSE I THINK ‘A’ FIGURE IS POPULATED AFTER TAKING MARGINAL RELIEF, PLEASE GUIDE

Sankar Chakraborty

Sankar Chakraborty (Querist)
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11 September 2013 is there any expert to answer ????

please answer someone

open????????????

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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10 August 2024 https://docs.google.com/document/d/1ps1m8l-k_VUc714jktSrWaOWcqLPVorgD4bLqbYyAPs/edit?usp=sharing

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