Provision for taxxation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 October 2013 Dear Sirs/Madam,
I have a doubt regarding provision for tax that when it gets applicability and where its effect is given in profit & loss a/c. Also tell me is there any effect or relationship with deferred tax liability.
Thanks in advance.

Ganeshbabu K

Ganeshbabu K (Expert)
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03 October 2013 1)Provision for Current tax and defered tax is shown as below the line of profit before tax in statement of profit and loss

Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2014 Thanks for statement sir,
but I want a approach to calculation. Please reply regarding calculation of provision for tax and its application in financial statements.
Thanks in advance

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