Interest paid on income tax in cfs
Yugal Gupta (student) (62 Points)
07 October 2016
How should we deal with interest paid on income tax in the cash flow statement?
2 Replies
CA Tanvi Sheth
(Consultant)
(232 Points)
Replied 07 October 2016
Hello,
AS income tax paid is part of operating activity, so will be interest on it. Show it as outflow under operating activity.
Yugal Gupta
(student)
(62 Points)
Replied 08 October 2016
But is interest on income tax an operating expense?
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