Doubt "cash flow statement"
This query is : Resolved
19 September 2011
Dear all,
In cash flow statement following elements where will be use
1) Interest Paid
2) Direct Tax Paid
3) Deferred Tax
Regards,
Nisar
In cash flow statement following elements where will be use
1) Interest Paid
2) Direct Tax Paid
3) Deferred Tax
Regards,
Nisar
19 September 2011
Interest Paid :- Finanacing Activity
Direct Tax Paid - Operating Activity
Deferred Tax :- Not going to effect
Direct Tax Paid - Operating Activity
Deferred Tax :- Not going to effect
Message likes :
1 times
19 September 2011
Hi Vishrut,
thanks, Your Exactly correct but these are used like below:
Cash Generated From Operations
Interest Paid
Direct Tax Paid
Deferred Tax
Net Cash Inflow / (Outflow) From Operations
1) "Interest Paid" has appeared Financing activity at the same time it has appeared "Net Cash Inflow / (Outflow) From Operations" So Please suggest.
Thanks & Regards,
Nisar
thanks, Your Exactly correct but these are used like below:
Cash Generated From Operations
Interest Paid
Direct Tax Paid
Deferred Tax
Net Cash Inflow / (Outflow) From Operations
1) "Interest Paid" has appeared Financing activity at the same time it has appeared "Net Cash Inflow / (Outflow) From Operations" So Please suggest.
Thanks & Regards,
Nisar
27 September 2011
hey brother
when the interest is paid for the long term loan taken, it is part of financing activity
when the interest is paid for the long term loan taken, it is part of financing activity
27 September 2011
when the interest is paif for the cash credit or working capital loan, it is part of Operating activity
27 September 2011
Even, in the case of taxes paid, if u can allocate the direct tax to the investing activty or any of the financing activity , u can allocate the tax in investing and financing activity also,
like tax paid on receipt of Interest on debentures, tax paid on other interest income
like tax paid on receipt of Interest on debentures, tax paid on other interest income
27 September 2011
Also the deffered tax asset/ laibility created affets the part of the profit so it much be added or deducted in getting the cash from operation before working capital changes
27 September 2011
please mind as per new Schedule VI the deffered tax asset/ liability is non- current asset/ liability
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
