What is the meaning of Income Tax Provided in Annexure 1 Part B?????? If I adjust the TDS Recoverable with the Income tax computed then will it be given in last row of schedule or it is showed only when it is provided in P&L A/c............
Kindly Clarify my Doubt.......................................
Thanks in Advance........................................
YOU DONT HAVE TO ADJUST TDS AMOUNT,
THIS IS THE AMOUNT WHICH IS SHOWN IN P&L ACCOUNT AS TAX EXPENSE , DEFFERED TAX AFTER TAX RELATED TO EARLIER YEARS.
I.E SEE FOLLOWING TABLE-
| Tax expenses : | ||||||||
| Current Tax | 77,500,000 | |||||||
| Deferred Tax | 61,226,626 | |||||||
| Add/(Less) : Excess provision for Taxation in earlier years | (83,391) | |||||||
| 138,643,235 | ||||||||
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