Provision for it in schedule iii

This query is : Resolved 

03 January 2016 Provision for income tax will be shown as Short term provision or Long term provision in Schedule iii ?? and reason for the same.

03 January 2016 Dear Raj
It will be shown as short term provision as it needs to be settled within a period of 12 months.

03 January 2016 Dear Raj
It will be shown as short term provision as it needs to be settled within a period of 12 months.

16 January 2016 oohk. Settlement is yet to be done. Company has made the payment as per its computation. Assessment by department is pending Than where will be provision shown??


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