Practicing Success
A company has the balance of Provision for taxation 20,000 and 25,000 on 31 march 2021 and on 31 march 2022 respectively. Income tax paid during the year 2021-22 was 18,000. How much amount would be added while calculating Net profit before tax and extraordinary items? |
₹23,000 ₹20,000 ₹25,000 ₹18,000 |
₹23,000 |
Provision for taxation = Closing balance + paid up tax- opening balance |