Treatment of interest u/s 234a
This query is : Resolved
25 December 2013
if assessee is liable to pay interest u/s 234a, does this interest amount will become part of current tax in profit and loss statement??
I mean,does the current tax,in p&l statement, also includes the interest(sec-234 a,b,c) element??
Guest
Guest
(Expert)
25 December 2013
Show it separately as Interest on income tax for better presentation of accounts.
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