04 June 2010
Weather Provision of Tax & advance Tax can be shown seperately in Balance sheet till the Assessment for that year made or can be written-off in the same ledger before the assessment in mentaining books of accounts of the company ? which is the right process ? or what is the right procedure of mentaining book of accounts for this ?
04 June 2010
Provision for Tax and advance tax should be shown separately in the balance sheet till the assessment for that year is completed in all respect.
CAclubindia
