Working capital recognition

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Zakir Husain

Zakir Husain (Querist)

08 March 2012 Is tax payable a current liability or provision??thus is it a part of working capital??

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

09 March 2012 Normally we create a provision for tax payable. However, it is classified as a current liability because it is expected to be paid within 6 months.

Zakir Husain

Zakir Husain (Querist)

09 March 2012 Thnx sir..bt my ques is.. Will v consider it in calculation of working capital?? Or v'll ignr it..?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

10 March 2012 Yes, you wil consider it in the calculation of working capital.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

31 March 2012 I agree with the expert and he has correctly guided you. Kindly follow his advise.

Zakir Husain

Zakir Husain (Querist)

03 April 2012 Sir undr sec 87(2)(b) of the companies act 1956,it is said that cumulative pref share holders are entitled to attend n vote in a general meeting of a company if prf dvdnd is in arear for more than 2 years....so my qust is will they constitute the qouram in this meeting??

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