HI Friends
Whether the tax paid for earlier years shown seperately or it is clubbed in 'Current tax' in "Provision for tax" in Profit & Loss account.
Regards
Amit
Menu
Earlier year Tax Expenses
Replies (4)
It Should Be Separately Show As " Tax on Self Assessment" Below The Line
Thanks Ayush
Can you please tell me under which AS it is specified?
There are No Such Specific AS For This.
But U May Refer AS-22 Accounting For Tax.In That Same Concept is There if It Is Paid For earlier Years.
The Above Accounting is Based on GAAP in India.
Thanks Ayush
Recent Topic
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
Related Topics
CAclubindia
