Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Tax figure in Kohinoor Sugar Mills
12-16-2010, 03:32 PM,
#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
Reply


Messages In This Thread
Tax figure in Kohinoor Sugar Mills - by Shunmas - 12-16-2010, 03:32 PM
[No subject] - by sahibzada - 12-16-2010, 07:57 PM
[No subject] - by cute-doll - 12-17-2010, 12:51 AM
[No subject] - by Tonglimit - 12-23-2010, 04:38 PM

Forum Jump:


Users browsing this thread: 1 Guest(s)

Contact Us | Accountancy | Return to Top | | Lite (Archive) Mode | RSS Syndication