CA AMIT VIJAY (Manager-Audit) (123 Points)
26 September 2013What is the meaning of Income Tax Provided in Annexure 1 Part B?????? If I adjust the TDS Recoverable with the Income tax computed then will it be given in last row of schedule or it is showed only when it is provided in P&L A/c............
Kindly Clarify my Doubt.......................................
Thanks in Advance........................................
SUNILKUMAR WADHWANI
(Chartered Accountant)
(320 Points)
Replied 26 September 2013
YOU DONT HAVE TO ADJUST TDS AMOUNT,
THIS IS THE AMOUNT WHICH IS SHOWN IN P&L ACCOUNT AS TAX EXPENSE , DEFFERED TAX AFTER TAX RELATED TO EARLIER YEARS.
I.E SEE FOLLOWING TABLE-
| Tax expenses : | ||||||||
| Current Tax | 77,500,000 | |||||||
| Deferred Tax | 61,226,626 | |||||||
| Add/(Less) : Excess provision for Taxation in earlier years | (83,391) | |||||||
| 138,643,235 | ||||||||
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