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Need replies regarding IT and ST returns - Urgent

 
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Need replies regarding IT and ST returns - Urgent
olympia
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#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.
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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

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