https://www.taxtmi.com/forum/issue?id=950 Provisions for income tax or wealth tax recorded as outstanding at the balance sheet date are disallowed; the provision as on 31 March should be disallowed and the actual tax payment may be claimed in the relevant previous year if made before the return filing due date. For other taxes, actual payments discharging earlier year liabilities may be allowable if paid within the prescribed time; payments attributable to the current year are allowed in computing current income. en-us Wed, 05 Nov 2008 21:10:22 +0530 Thu, 23 Jan 2025 15:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=950 Provisions for income tax or wealth tax recorded as outstanding at the balance sheet date are disallowed; the provision as on 31 March should be disallowed and the actual tax payment may be claimed in the relevant previous year if made before the return filing due date. For other taxes, actual payments discharging earlier year liabilities may be allowable if paid within the prescribed time; payments attributable to the current year are allowed in computing current income. Discussion-Forum Income Tax Wed, 05 Nov 2008 21:10:22 +0530 https://www.taxtmi.com/forum/issue?id=950