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CASH FLOW STATEMENT

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 April 2010 Can anyone please tell me that how will Refund of Advance tax treated in cash flow statement??
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 April 2010 It will be reduced from Taxes Paid / Received and would be shown as inflow.
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CA Shiv

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CA Shiv (Expert)
30 April 2010 Yes it will be shown as an inflow...
Income from operation....
less: tax paid
Add: tax refund.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 April 2010 Also visit this link where a similar query has been solved
https://www.caclubindia.com/forum/accounting-standard-query-80792.asp
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 April 2010 It can be classifed as Cash from Operating activities
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