Prior period tax interest paid
This query is : Resolved
31 July 2013
hiii experts,
as per the assessment order of financial year 2011-12 we have to pay interest u/s 234C of FY 2011-2012 in FY 2012-13 so what should be the accounting treatment for this transaction.
as per the assessment order of financial year 2011-12 we have to pay interest u/s 234C of FY 2011-2012 in FY 2012-13 so what should be the accounting treatment for this transaction.
31 July 2013
Adjustment to be made as Tax of Earlier Years under Tax Expenses deduction from Profit Before Tax.
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