01-27-2005, 11:39 PM
sorry chanddu,
Actually I am preparing for taxation now a dayz thatz y I pulled ur original post towards taxation...
But your original post was confusing...because u have talked about minimum and normal tax liability...and minimum and normal tax liability are the terms which relates to Tax Laws...Because You ll never see the word normal tax or minimum tax in the financial statments..."provision for taxation"...or "taxation" are used...and provision for taxtion is never adjusted against deferred taxation....
so in financial statements "normal tax or minimum tax" cannot be adusted against deferred tax...
Take carez
Ace
Edited by - maani on Jan 27 2005 64418 PM
Edited by - maani on Jan 27 2005 64700 PM
Actually I am preparing for taxation now a dayz thatz y I pulled ur original post towards taxation...
But your original post was confusing...because u have talked about minimum and normal tax liability...and minimum and normal tax liability are the terms which relates to Tax Laws...Because You ll never see the word normal tax or minimum tax in the financial statments..."provision for taxation"...or "taxation" are used...and provision for taxtion is never adjusted against deferred taxation....
so in financial statements "normal tax or minimum tax" cannot be adusted against deferred tax...
Take carez
Ace
Edited by - maani on Jan 27 2005 64418 PM
Edited by - maani on Jan 27 2005 64700 PM
