Annexure 7 Tax Audit

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accountant
461 Points Posted on 02 October 2022
we show expense provision in annexure 7 in FY 20-21 of Rs.250000

In FY 21-22 Last year not closed can we shown again this provision in annexure 7 FY 21-22 .
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On 02 October 2022 at 11:42 Report
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This discussion addresses whether an expense provision shown in Annexure 7 for FY 20-21 can be carried forward to FY 21-22 if it wasn't closed. The consensus is yes, but it's crucial to investigate the reason for the carry-forward. If it's a disputed provision, it might be disallowed annually, leading to tax implications.

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SEO Sai Gr. Hosp.
212511 Points Posted on 02 October 2022

Yes, but check the reason for its carry forward.

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On 02 October 2022 at 12:12
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accountant
461 Points Posted on 02 October 2022
This is disputed provision
it means every year it disallowed & pay tax ?
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On 02 October 2022 at 15:20

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