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previous year tax adjustment (i.e. short/excess provision)
on completion of its assessment in current year should be
shown in p&l a/c or p&l appro.a/c?



previous year tax adjustment (i.e. short/excess provision) on completion of its assessment in curr..

Answer / lokesh

The previous year tax adjustment on completion of its
assessment in current year should be shown in p&l appro.
a/c.

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