Provision for tax
This query is : Resolved
30 June 2008
I went through annual reports of Many companies but i am still not able to understand
how to calculate amount of tax paid to be deducted from cash flow .
how to calculate amount of tax paid to be deducted from cash flow .
Sakshi Gumbar
(Expert)
01 July 2008
It is the amount of tax that you have already paid during the year. ie Advance TAx + any tax of previous Fy paid during the year(ie self assessment tax of previous year)+ any other amount paid as tax during the year.
If still you have confusions u can ask further.
If still you have confusions u can ask further.
Amit Bajaj
(Expert)
01 July 2008
It is normally your movement from your previous year tax provision less current year tax provision, and reason for differences have been explained above, it also needs to be netted off for any refunds received from tax dpt.
Taranjit Singh
(Expert)
03 October 2009
Hello, is this an old query still pending?????? plz send me a PM if yes.....
Taranjit Singh
(Expert)
03 October 2009
Hello, is this an old query still pending?????? plz send me a PM if yes.....
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