Provision are expected expenditure determined on some presumptions anticipating future events.Since they are not actual liability so no provision is allowed. Further coming back to question Prov of Income tax is not allowable exp.
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Provision for Income Tax
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Provision are expected expenditure determined on some presumptions anticipating future events.Since they are not actual liability so no provision is allowed. Further coming back to question Prov of Income tax is not allowable exp.
not allowed.........agreed with all above views...
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