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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

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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