TREATMENT OF TAX IN CASH FLOW STATEMENT
This query is : Resolved
SAURABH KUSHWAHA
(Querist)
29 September 2009
SIR,I LIKE TO KNOW THE ACCOUNTING TREATMENT OF TAX WHILE PREPARING CASH FLOW STATEMENT AS PER AS3 IN INDIRECT METHOD.
THANKSSSSSSS
THANKSSSSSSS
vinod kumar lalwani
(Expert)
29 September 2009
there are 2 treatments as follows:-
1) income tax paid paid is part of tax expenses.and should be part of tax expenses after working capital expenses.
2)any other tax expenses paid i.e capital gain paid or DDT paid should be shown as part of that related activity.
bye
1) income tax paid paid is part of tax expenses.and should be part of tax expenses after working capital expenses.
2)any other tax expenses paid i.e capital gain paid or DDT paid should be shown as part of that related activity.
bye
CA CHINTAN AJMERA
(Expert)
29 September 2009
Agree with Expert
SAURABH KUSHWAHA
(Querist)
30 September 2009
many thanxxxxxx to VINOD SIR and CHINTAN SIR.
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