Income Tax provision – what is this?Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Income Tax provision – what is this?This topic has 0 replies, 1 voice, and was last updated 14 years ago by nomad.Viewing 1 post (of 1 total)AuthorPosts May 17, 2010 at 1:27 pm #43939 nomadMemberTopics: 2Replies: 0☆Hello! Can some kind person explain to a stupid Nomad what the hell “Income tax provision” means?I’ve realised that it is not the sum of taxes accrued in IS for the current year.Why “over provision” is shown on Credit in a trial balance. Where does it comes from? From previous year? Where it was a year ago then? In SFP?What could it be…? Who knows?AuthorPostsViewing 1 post (of 1 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In