Calculation of net worth
This query is : Resolved
09 April 2013
R/Sir,
Is advance tax is taken into consideration while calculating Net Worth of a company?Plz reply asap.
Is advance tax is taken into consideration while calculating Net Worth of a company?Plz reply asap.
09 April 2013
Following Asset approach you have to take into account Advance Tax in Net worth calculation
09 April 2013
yes as explained by expert. However, provision for income tax will be reduced from net worth calculation and ultimate effect will be nil.
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