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Provision for Taxation

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 May 2011 In case of making Provision for Taxation whether Interest for delayed payment of Income Tax to be charged to Provision for Taxation or any Other Head????
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CA Navin Jain

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CA Navin Jain (Expert)
09 May 2011 YOU CAN DO THAT
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 May 2011 What ???
To include in Prov For Taxation or some other head??
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CA Navin Jain

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CA Navin Jain (Expert)
09 May 2011 include IN provision FOR TAXATION
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
09 May 2011 according to me Interest for delayed payment of tax is penalty nature so it will be includs in penalty head.
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Querist : Anonymous

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Querist : Anonymous (Querist)
09 May 2011 To include it in under Interest Column or Separately in creating Penalty Column??

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