Please Help: What is the treatment under head PGBP?
Posted Date : 30-Apr-2012 , 11:58:15 am | Posted By riddhi
What is the treatment of provision for warranty, provision for gratuity and excise duty under the head PGBP?
Category : Income Tax | Answers : 4 | Comments : 2 | Hits : 473
Answers
Answer By: Rishabh Upadhyay
Provisions are not allowed as deduction under PGBP, excise duty paid actually is allowed as deduction
Answer By: Madhu Kiran
Excise Duty will be allowed under PGBP amd provisions will not be allowed........
Answer By: Vikash Kumar Jha
I am completely Agree with them.
Answer By: Rambabu Senkarasetti
excise duty will be allowed under PGBP
Comments
riddhi
03-May-2012 , 11:27:48 amBut what I heard is that provision for warranty , though contingent is allowed as deduction on the basis of past experience. Whether it is correct?
Rambabu Senkarasetti
01-Jul-2012 , 04:34:14 pmexcise duty will be allowed under PGBP