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Provision for income tax

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629 Points Joined July 2019
Sir,

Please suggest below entry in books of account is correct or wrong in proprietor firm

Provision for income tax (Capital Ac)
Provision for income tax (current liability)
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On 16 January 2021 at 08:54 Report
Replies (4)
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Chartered Accountant
24588 Points Joined November 2019
Provision for Income tax is shown under
Current liabilities
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On 16 January 2021 at 09:14
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Profession Business
28196 Points Joined May 2017
Provision for Income tax is shown under


Current Liabilities and Provision.
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On 16 January 2021 at 09:44
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Accountant
4533 Points Joined February 2017
Kindly elaborate for what u want to pass entry.
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On 16 January 2021 at 11:25
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Chartered Accountant
86505 Points Joined April 2011
No need to make such entry as it is useless.
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On 18 January 2021 at 09:16

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