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)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok