08 August 2008
A private company failed to make provision for income tax in F.Y. 2006-07 and make the same in F.Y. 2007-08. Now for the purpose of calculating Basic EPS for F.Y. 2006-07 & 2007-08 what treatment should be given to "Provision for Income Tax-2006-07" made in 2007-08.
08 August 2008
The EPS may be recalculated and shown in the final accounts. However, a clarificatory note on the same be given in the Note to accounts.
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