I want to know about the extraordinary items stated in AS-5 (Revised). Also tell me whether we consider Provision for tax in extraordinary items or not.
17 May 2012
Sir, My queries are relating to CFS. - Whether the provision for tax is an appropriation of profit or charge on profit or why it is taken in the Part I of P/L A/c.
-why the extra-ordinary items first excluded in the beginning and then included at the end while calculating cash from operating activities.
CAclubindia
