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Tax figure in Kohinoor Sugar Mills
12-16-2010, 03:32 PM
Post: #1
Tax figure in Kohinoor Sugar Mills
Hello Assalam o Alaikum!

This being my first post. happy to be here.

The other day I was reading the financial statement of Kohinoor Sugar Mills. What they had done is they had put the deferred tax figure in income statement (profit before tax - current tax + deferred tax = net income)

Whereas as per IFRS or my financial reporting subject in ACCA, they (normally) tax the deferred tax in non-current liabilities.

Why the treatment is different in Pakistan ?

Thank you
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Messages In This Thread
Tax figure in Kohinoor Sugar Mills - Shunmas - 12-16-2010 03:32 PM
[] - sahibzada - 12-16-2010, 07:57 PM
[] - cute-doll - 12-17-2010, 12:51 AM
[] - Tonglimit - 12-23-2010, 04:38 PM

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