Investment account As-13
Atharv Sankliya (1323 Points)
11 January 2023
If taxes paid on investment are refundable then what will be the treatment for this ? as per AS-13
Atharv Sankliya (1323 Points)
11 January 2023
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 11 January 2023
This standard does not deal with taxes like capital gains and no treatment. It does however checks and treats deferred tax treatments.
Atharv Sankliya
(1323 Points)
Replied 11 January 2023
Manish
(CA)
(1120 Points)
Replied 11 January 2023
Is it a hypothetical situation?
What is the nature of the tax levied on investment and also refundable?
Anyway, anything refundable is not part of the cost.
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