Need replies regarding IT and ST returns - Urgent

0 Vote(s) - 0 Average

Need replies regarding IT and ST returns - Urgent

olympia
Offline

Senior Member

Posts: 571
Threads: 50
Joined: Jul 2010
Reputation: 0

#10

09-08-2010, 05:00 PM

difference b/w Advance Tax and Provison for taxation.....
Advance tax would be prepaid taxes, or overpaid taxes left with the taxing body. It is an asset account, a deferred credit.

Provision for taxes would be an estimate of tax liability for the period covered by the financial statements. It is a liability account.

« Next Oldest | Next Newest »

Users browsing this thread: 4 Guest(s)

Messages In This Thread

Need replies regarding IT and ST returns - Urgent - by [email protected] - 09-05-2010, 06:23 AM

[No subject] - by olympia - 09-06-2010, 01:55 PM

[No subject] - by LapTop - 09-06-2010, 07:26 PM

[No subject] - by [email protected] - 09-07-2010, 03:42 AM

[No subject] - by Information Consultant - 09-07-2010, 05:36 AM

[No subject] - by [email protected] - 09-07-2010, 06:33 AM

[No subject] - by Information Consultant - 09-07-2010, 11:36 AM

[No subject] - by [email protected] - 09-08-2010, 10:04 AM

[No subject] - by Information Consultant - 09-08-2010, 03:37 PM

[No subject] - by olympia - 09-08-2010, 05:00 PM

[No subject] - by mirfawad - 09-08-2010, 05:17 PM

[No subject] - by [email protected] - 09-10-2010, 09:51 AM

[No subject] - by Information Consultant - 09-10-2010, 11:51 AM

[No subject] - by [email protected] - 09-11-2010, 05:10 AM

[No subject] - by Information Consultant - 09-15-2010, 02:47 AM