WHETHER FOR MAKING PROVISION FOR INCOME TAX, INTEREST PAID U/S 234 A, B AND/OR C IS ADD OR NOT?
IN OUR OFFICE WE DON'T ADD WHAT MAY BE THE PERFECT REASON / LOGIC
WHETHER FOR MAKING PROVISION FOR INCOME TAX, INTEREST PAID U/S 234 A, B AND/OR C IS ADD OR NOT?
IN OUR OFFICE WE DON'T ADD WHAT MAY BE THE PERFECT REASON / LOGIC
Dinesh Kumar Agarwal
(Article clerk)
(117 Points)
Replied 15 September 2010
Section 234A,B and C comes under the chapter 17 " Recovery & collection of Tax" and this does not form part of comutation of income tax hence it should be didtinguised from tax expense.
As on the date of balance sheet it can be well estimated hence provision should be made.
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