Schedule vi

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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?

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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)
(c) Current tax expense relating to prior years
(d) Net current tax expense 
(e) Deferred tax

 


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