When filing your 2018-19 tax return, it's important to correctly account for provisions. The discussion clarifies that when making provisions, you should exclude interest amounts related to sections 234A, 234B, 234C, and 234F. These sections are automatically applied based on tax liability, so focus on the tax payable itself for the profit and loss provision.
19 August 2020
Sir, we are filing the return now for the period 2018-19.So want to know while putting provision whether we need to take only tax amount or need to take 234A,234B and 234C and 234F along with tax payable to be shown as provision.