Interested to Buy Any Domain ? << Click Here >> for more details...
what is the meaning of provision for taxation
- 3 Answers
- 8281 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
The Estimated tax is to be deposit for current financial year.
This Income tax is on the basis of Estimation basis because
we can not calculate exact Income tax in the last day of
Financial year. for finalisation of Balance sheet we have to
provide the amount of Income tax . This amount is to be
shonw for provision for Taxation . This is the liablity of
next FY.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / ravi
some amount of profits kept as a provision for last year
can be used for provision for taxation if loss occurs in the present year and the amount which is kept for provision for taxation must be used for provision for taxation only
| Is This Answer Correct ? | 3 Yes | 0 No |
What is the procisure of sales tax return if i want to file return what i do .
what is fbt? and how to calculate of perks which are give by the employer to employee?
What happens if I return material purchased in March to the buyer in August next year? Do I get full refund of the value including tax?
What is the difference between vat scrutiny and vat assesement,what is required document for both.
When Tax paid comes under expenses account instead of duties and taxes(current liabilities) ?
Why it's necessary for a company to file TDS Returns?
There is a sales return in the month of April'09, we didnot take input credit for such return. shall it possible to take now? what the time limit to take such sales return input credit in VAT?
How cess should be calculated. Is it calculated on assessable value of the product or on the sum of assessable value & BED.
tds percentage on advertisement add agency
Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a person, When at the time of Payment We deduct TDS or Not? Note: There is No Agreement or Contract with them I need the Help. Regards Sakthi
i forgot to deduct tds in Contractor non corporate in july 15 so what should i do now? Please Suggest.
3 Answers Mahindra Holidays and Resorts India MHRIL,
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
Audit 
