Where do we find a place of Income TAx Adjustment for earlier years in Statement of P&L a/c as per Revised Shedule vi?
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(Guest)
You have to disclose it in "Tax Expense" as tax for the previous years. Refer below. It should be disclosed in (c)
| Tax expense: |
| (a) Current tax expense for current year |
| (b) (Less): MAT credit (where applicable) |
| (c) Current tax expense relating to prior years |
| (d) Net current tax expense |
| (e) Deferred tax |
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