Disclosure of interest u/s 234 A, B, C expenses in P&L
This query is : Resolved
30 June 2009
Dear all
Is interest u/s 234 A,B,C required to shown below the line as part of the “provision for income tax “or should be show above the line as tax expenses? Is institute has issued any guidance note regarding Disclosure of interest u/s 234 A B C?
Please guide me
Thank U
SANKAR PARANAM
Is interest u/s 234 A,B,C required to shown below the line as part of the “provision for income tax “or should be show above the line as tax expenses? Is institute has issued any guidance note regarding Disclosure of interest u/s 234 A B C?
Please guide me
Thank U
SANKAR PARANAM
01 July 2009
The payment of Interest U/s 234 A,B &C will not be part of provision for Income tax.Thus, this item should be shown above the line only.
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