One of our client has made excess provision in fy 2019-20.
It needs to be disallowed under section 37, so we are disallowing such excess provision while computing Income tax.
But we are finding issue as to under which clause this amount needs to be reported in 3cd
Menu
Excess provision in Form 3CD
Replies (1)
Did you try ICDS no. 10 linked to provisions standard? Form 3cd 13(d) mentions that effect of changes on income and tax computations is dealt by ICDS
Recent Topics :
- Need advice regarding accounting fees
- Is it possible to get a refund for an accidental o
- ITR-3 Section P&L - speculative income - no bo
- Foreign Assets reporting
- Build corpus in HUF
- Queries with the new form 144
- Updating form 10-ee and Schedule FA if there is ch
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
Related Topics :
CAclubindia
