Set off of provision for taxes with advance taxes/tds
This query is : Resolved
31 August 2011
Dear sir,
is there any provision under the caompanies act that we can set off the provision for taxes with advance tax/TDS while preparing the balance sheet as per schedule VI of the companies act.....???... is there any such type of circular issued by the MCA????
is there any provision under the caompanies act that we can set off the provision for taxes with advance tax/TDS while preparing the balance sheet as per schedule VI of the companies act.....???... is there any such type of circular issued by the MCA????
01 September 2011
No such circular,once you got the assessment order for the particular year you can set off and close the accounts
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