Tax treatment - Provison for warranty

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What is the tax treatment of provision made for warranty? Which section applicable?

Replies (2)

/forum/capitalisatio-of-warranty-charges--75287.asp

Dear Hireshire,

Provisions are not allowed as deduction in general.

But if provision is for ascertained liabilitiy/expense then the same can be claimed.

The above principles have been established in Judgements.

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