Please Help: income tax
Posted Date : 29-Feb-2012 , 09:25:02 pm | Posted By naresh777
is provision for any expenses are disallowed as per income tax act while computing gross total income of assessee
Category : Finance | Answers : 4 | Comments : 0 | Hits : 300
Answers
Answer By: Ketan Samdani
Normally provision for expense like salary, electricity, telephone, etc are allowed while calculating taxable income.
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.
Answer By: Rambabu Senkarasetti
Allowed
Answer By: Krishna Chandra Santi
Provision for IT is disallowed.
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