What is Provision for Taxation.

 Provision for Taxation.

Provision For Taxation

           A Provision for Income taxes is the estimated amount that a business or individual taxpayer expect to pay in income taxes for the current year. The amount of this provision is derived by adjusting the firm is reported net income with a variety of permanent differences and temporary differences.

Provision for Depreciation.

Provision For Taxation

            The Provision for Depreciation refers to tax laws that allow firms to amortize the capital cost of a Fixed Assets over time.