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How to calculate tax paid for cash flow statements

AS 5135 views 3 replies

How to calculate Direct Tax paid for cash flow statement from financial statement of Listed Company?

I trying to calculate the same but figure is not tally with the amount of Direct Tax paid shown in cash flow statement.

Kindly help me on this matter.

I hereby attached the financial statement of TATA Steel. 


Attached File : 797230 20151115154058 tata steel annual report 2013 14 individual.pdf downloaded: 420 times
Replies (3)

Direct Tax Paid in Balance Sheet will Include both Provsion and Actual Cash paid

and Direct Tax Paid in Cash Flow will include only the Actual Cash Paid.

So , to have more clarity you need to have Tax Expense Ledger A/c

@  Kals - Thanks for your reply

So we cannot calculate Direct Tax paid for cash flow statement only with the help of Financial Statements given in Annual Report of a Company.

Because how can I get Tax Expense Ledger A/c.

 

 



 

Yes , you need to have Tax Ledger ,  with that u will get the details of Actual Tax Paid. Wch will get reflected in Cash Flow Stmts.


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