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Interest on Income tax

This query is : Resolved 
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(Querist)
06 January 2009 Whether Interest on income tax (234 B & C) should be included in provision for income tax in P&L a/c?
Is there ICAI Clarification?
Please make reference, if any?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
06 April 2012 Provision for tax is to be created for the final tax liability of the company.

Final tax liability includes interest u/s 234B and 234C, which can easily be calculated.

Accordingly, provision should be made for the tax including interest.
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