Pro vision for tax
WETHER provision for tax is deductible from income under PGBP?
Replies (3)
No. Provision for Income Tax is not deductible.
Income Tax is not an allowable expenditure as per section 40(ii). Hence provision for the same is also not allowable.
Thank u sir.
Prateek sir from Allahabad?
No.. I am based out New Delhi..
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