Accounting treatment for 234 b & c
This query is : Open
05 September 2012
question
1.what is the account treatment for interest payable under income tax U/S 234 B & C
2.will interest charged u/s 234 B & C be treated as indirect expenses or provision for tax?(company or Individual/Firm)
1.what is the account treatment for interest payable under income tax U/S 234 B & C
2.will interest charged u/s 234 B & C be treated as indirect expenses or provision for tax?(company or Individual/Firm)
05 September 2012
It will be provision only.. we can not claim it as indirect expense for any person...
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