Please Help: income tax
Posted Date : 29-Feb-2012 , 09:25:02 pm | Posted By: Naresh777
Category :
Finance | Answers :
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is provision for any expenses are disallowed as per income tax act while computing gross total income of assessee |
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Answers:
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 Answer by: Ketan Samdani |
| Normally provision for expense like salary, electricity, telephone, etc are allowed while calculating taxable income.
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| Answer by: CA. SURESH Kr. AGARWAL |
| Dear Provision is an just estimation of the expenses for the period which an entity estimates and are allowed as expenses under Profit & Loss a/c.
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| Answer by: Rambabu Senkarasetti |
| Allowed
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| Answer by: Krishna Chandra Santi |
| Provision for IT is disallowed.
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