Accounts - treatment of tax

Very Interesting Dear Will you elaborate more about your question

Simple:

Total Tax for 2002-03 Rs                                                                                 1550000

( Tax Payable of Rs. 8,50,000/- plus Advance Tax 7,00,000)

Less: Already charged in P & L A/c by way of Provision                               8,00,000

Balance to charge from P & L A/c                                                                     7,50,000

Thank you so much Sir i am very happy that i got the conceptual clarity from you.

It is my pleasure

My Gurus taught me so that I could repply.

If some one ask to you, then you repply him, ok