Please Help: What is the treatment under head PGBP?
Posted Date : 30-Apr-2012 , 11:58:15 am | Posted By: Riddhi
Category :
Income Tax | Answers :
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Comments :
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What is the treatment of provision for warranty, provision for gratuity and excise duty under the head PGBP? |
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Answers:
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 Answer by: Rishabh Upadhyay |
| Provisions are not allowed as deduction under PGBP, excise duty paid actually is allowed as deduction
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| Answer by: Madhu Kiran |
| Excise Duty will be allowed under PGBP amd provisions will not be allowed........
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| Answer by: Vikash Kumar Jha |
| I am completely Agree with them.
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| Answer by: Rambabu Senkarasetti |
| excise duty will be allowed under PGBP
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| Comments |
| Posted By : Riddhi |
03-May-2012, 11:27:48 |
| But what I heard is that provision for warranty , though contingent is allowed as deduction on the basis of past experience. Whether it is correct? |
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