02 February 2016
As per AS 3 Advance Tax paid is deducted while arriving Cash from Operating Activities. e.g. Cash from Operating Activities Rs. 10000.00 (after taking effect changes in Working Capital) Add Provision for Income Tax say Rs. 2000.00 Less: Advance Tax Paid say Rs. 1500.00
Cash from Operating Activities will be Rs. 10500.00
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