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The amount which is kept by the company to pay taxes against its profits is known as provision for taxation. Provision for taxation considered as current liability.

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โˆ™ 2011-12-11 12:14:31
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Q: What is provision for taxation?
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Is provision for tax is a current liability?

Provision for taxation is current liablity


What you think about no taxation without representation?

In a group of people who act perfectly with others and who step up to do what is needed to be done without pay you could have no government without taxation. But, face it even the Amish have a governing body and they are very good people. So the whole idea of a nation not having representation or military provision or police or schools and no taxation is ludicrous.


Discuss the different causes of market failure?

Under/over provision of merit or demerit goods. Can be corrected by the imposing of taxation, subsidies, negative add campaigns, etc.


The historical development of taxation in nigeria?

Taxation started right from the pre-colonial era during the hausa/fulani administration.where tax was introduced to be paid by citizens for the provision of various social amenities and building of market square.this tax was either collected by tax officials or imposed on goods.


Why did the Persian Empire flourish?

Through effective government using existing local government overseen by provincial control, provision of internal and external security, and encouraging prosperity with low taxation.


What is the entry of tds provision?

For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.


Characteristics of taxation?

characteristics of taxation characteristics of taxation


What are provision entries and y they are done in journal entries?

For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.


What is provision of information and can you name an advantage and a disadvantage of this?

Provision of Information is when the government provides information to the consumer in order for them to recognise the true costs/benefits to themselves. Advantage: Reduces over-consumption/decreases over-consumption Disadvantage: Information only informs consumers, does not enforce like taxation.


What is hauling of provision?

hauling of provision


Is shanghai is a provision of china?

It is a city not a provision.


Which provision adds an unpopular provision to a popular bill that is likely to be passed?

A rider is a provision that is added to a popular bill. Usually the rider is for a provision that on its own would not pass.


Why does Washington DC have taxation without represantation?

I would guess that the founders did not intend for DC to have so many permanent residents and so no provision was made for representatives in congress. Yet even though they are taxed, they have no voice.


The requirement of uniformity in the area of taxation?

uniformity in taxation


What are the roles of taxation in Uganda?

outline the reasons for taxation


What is direct duplicate taxation?

direct duplicate taxation


How do you use taxation in a sentence?

Taxation without representation is wrong. Taxation is needed to pay for many government programs.


How do you calculate the provision for obsolete stocks?

How to reverse provision stock


How do you use provision in a sentence?

Provision-supply of food or stock


What is taxation as the power of the state?

taxation as the power of the state, is synonymous to the point that it is taxation is the source of the power of the state. Taxation is the levying of tax, taxes is the lifeblood of the government. It is because of tax that the government is able to finance and realized its programs and projects to the people. The people are dependent to the government, the government is dependent to taxes. Therefore, there could be no government when there is no taxation or stated plainly as there is government when there is taxation, and there is taxation when there is government.


What are the different taxation levels?

This question requires more context. Which country? As different countries have different taxation systems and laws. Personal taxation or company taxation? Here again there are normally different levels of taxation.


How do you abbreviate the word provision?

Provision is defined as being supplied with something or the act of supplying something. The abbreviation for the word provision is prov.


What are the nature of the power of taxation?

The power of taxation is that every government needs it. No country can survive without the money that is brought in from taxation.


What are the distant courses available in International taxation?

Advance Diploma in International Taxation offered by Chartered institute of taxation, UK


What is Provision for expenses?

I the old days a provision for expenses was an expense accrual that was not posted to creditors but to a liablity provision line. This is a reminiscence of tax accounting. I the old days a provision for expenses was an expense accrual that was not posted tno creditors but to a liablity provision line. This is a reminiscence of tax accounting.

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