Advance tax, tds

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seeta (Querist)
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09 February 2012 Dear Sir,
last year 2010-2011 comany did not paid advacne,TDS, VAT, Entry tax on time but paid along with interest.

sir my question is
while preparing computation of Income of company for 2011-2012 above such late payment interest should be added back to the profit as it is shown in P&L a/c

plz reply its urgent

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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09 February 2012 Yes you are correct.
OM SAI SRI SAI JAI JAI SAI

seeta

seeta (Querist)
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09 February 2012 while calculating Book Profit for MAT
same treatment to be given

reply its urgent

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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09 February 2012 Yes,
OM SAI SRI SAI JAI JAI SAI

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