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TREATMENT OF TAX IN CASH FLOW STATEMENT

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(Querist)
29 September 2009 SIR,I LIKE TO KNOW THE ACCOUNTING TREATMENT OF TAX WHILE PREPARING CASH FLOW STATEMENT AS PER AS3 IN INDIRECT METHOD.
THANKSSSSSSS
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vinod kumar lalwani

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vinod kumar lalwani (Expert)
29 September 2009 there are 2 treatments as follows:-

1) income tax paid paid is part of tax expenses.and should be part of tax expenses after working capital expenses.

2)any other tax expenses paid i.e capital gain paid or DDT paid should be shown as part of that related activity.

bye
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
29 September 2009 Agree with Expert
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SAURABH KUSHWAHA

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SAURABH KUSHWAHA (Querist)
30 September 2009 many thanxxxxxx to VINOD SIR and CHINTAN SIR.

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