Reversal of deferred tax

This query is : Resolved

Himabindu (Querist)
Follow

08 October 2012 Will the reversal of deferred tax will be considered in Cash flow statement? If considered in which part we should consider)

CA Rahul Trada

CA Rahul Trada (Expert)
Follow

08 October 2012 Deferred tax is grouped under Current Asset/liability because its change every year. so we have to take in cash flow statement under Changes in working capital under Operating Head.

CA Rahul Trada

CA Rahul Trada (Expert)
Follow

08 October 2012 Deferred tax is grouped under Current Asset/liability because its change every year. so we have to take in cash flow statement under Changes in working capital under Operating Head.

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!