Schedule vi

Others 509 views 1 replies

CA FINAL

120 Points Joined September 2010

Where do we find a place of Income TAx Adjustment for earlier years in Statement of P&L a/c as per Revised Shedule vi?

Replies (1)

Guest

You have to disclose it in "Tax Expense" as tax for the previous years. Refer below. It should be disclosed in (c)

Tax expense:

(a) Current tax expense for current year

(b) (Less): MAT credit (where applicable)

(d) Net current tax expense

(e) Deferred tax

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