Dear Sir,
Please tell me if there is payment of interest on TDS, sales tax, or WCT or on any other statutory liabilities, whether such interest is the part of operating activities or Financing Activities?
Dear Sir,
Please tell me if there is payment of interest on TDS, sales tax, or WCT or on any other statutory liabilities, whether such interest is the part of operating activities or Financing Activities?
Hi,
As the TDS/ Stat liability obligations majorly due to business operations, it should be shown under operating activities.
Exceptions: Delayed interest payable on Dividend Tax payable as it is Financing activity.
I got only one exception in my mind...might be few more !!!!!!!!
Let someother person suggest more on this.!!!!!
yes it has to be under operating activity
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
