Income tax

Its very simple.  TDS and AT would be current assets.  PFT would be provisions.  When you pay tax for the previous year you are supposed to set off the opg PFT.  So basically during july/ september your opening PFT should be nullified and in march you would create a PFT for that year.

Usually, the tax payable based on the income in books and estimated disallowance or reconciliaition items are considered to derive the tax profits on which tax is calculated.  Such amt would be treated as PFT