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TMI BlogIhave made a provision for Tax of Rs 15,000 but next year made a payment of Rs 18,000. I was told RsX X X X Extracts X X X X X X X X Extracts X X X X ..... Ihave made a provision for Tax of Rs 15,000 but next year made a payment of Rs 18,000. I was told Rs 3,000 is to be disallowed this year. But am unable to know under which section? - Reply By DKKOTHAR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - The Reply = For better and correct response, give yr. Q. correctly and compeletely. If it is provision for income-tax or wealth-tax, entire amount is to be disallowed. If it is any other allowable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tax, duty, fees etc. then full payment may be allowed if actually paid within prescribed time- due date to file return, provided the payment is agaisnt earlier years liabilty, and there is case of sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ort provision. Disallow provision outstandign as on 31st march Rs. 15000 and claim actual payment for the relevant previous year, made before due date Rs.18000/- . Check whether Rs.18000 is relating ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to earlier year and any part is not for the year in which payment is made. In that case current liability padi will be allowed in computation of current income. - Ihave made a provision for Tax of R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 15,000 but next year made a payment of Rs 18,000. I was told Rs - Query Started By: - Sanjana Dated:- 5-11-2008 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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