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
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INTEREST ON TAX PROVISIONING
Replies (2)
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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