about provision for income tax.....
This query is : Resolved
14 October 2010
in the books of accounts, whether provision for income tax includes intt. on income tax u/s 234A, 234B OR 234C..
PLZZ REPLY WITH SOME CLARIFICATION,,,,
PLZZ REPLY WITH SOME CLARIFICATION,,,,
14 October 2010
Provision has to made in the accounts for tax plus interest.
15 October 2010
but intt under section 234A should not be include in the amount of provision for income tax in accounts bcoz we dont know the amount of that intt at the time of finalisation of a/c/...
plzz clarify
plzz clarify
15 October 2010
Interest up to the date of finalization need to be provided in the accounts.
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15 October 2010
thanks sir........
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