Treatment of Provision for Tax | Income Tax Paid | Cash Flow Statement

[@AkashKumar-jr8qp]

🙏🙏🙏🙏
This is the actual and amazing power of a CHARTERED ACCOUNTANT to make accounts super easy.

[@missfactiangirl4155]

Sirrr seriously your explanation is super duper I understood all the points of this adjustment

[@HegdeSv]

always had confusion when it comes to treatment for provisions but its clear feeling really relived thank you for the simple explanation

[@palak9075]

Became a benefactor for revision 👍🎗..
You are doing a great job sir. Keep going 😊👍

[@zoya_creation2908]

Thank u sir its really helpful.

[@garimasahu3468]

Thank you so much sir for your beautiful explanation 🤗🎉

[@amaansaiyed5129]

very useful video for whole accounts cash flow statement

[@sipunpanda808]

Thank you sir for this clerificatio 🙏
I hope sir may your blessings will remain like this😊

[@CAKunalKumar]

So nice of you

[@kushalpandit.61]

Really sir more helpful ❤️❤️❤️❤️❤️ 🤗🤗🤗 thankyou sir

[@kashvimundra1804]

Thankuuuu soo much sir for clearing this topic 😭🫠

[@ThePreciousPintu]

Thanks sir ...for individual information.......

[@mohammadali-rp5ds]

Thank you so much for such a great teaching in simple language to understand

[@bhimaja107]

Thanku sir. U helped me out of my dout related to provisin of tax

[@simranpundir8192]

Thank you so much sir 🙏🙏it is very helpful 😊

[@suj_1857]

Sir, in Case 3, the adjustment given: 'Income Tax Provided' be written as 'Income Tax Expense'?

[@itsmusical-slowed_reverb]

Thank you sir for clearing our doubts.

[@Pebblescribbler]

Profit taken in cash flow is ready Profit before tax which means tax has not been deducted from that amount, then there's no point of adding it back to Profit before tax.

[@afifanasim]

in cash flow statement, there is a rare case when profit before tax is given. other wise, we have to compute it, in that we have to add provision

[@noname-ur2pu]

Es you are correct @pebblescribbler

[@kishanbishwakarma729]

Thank you so much sir this is very helpful

[@shiv_anand_chaurasia]

6:30 sir here you said ki 1,25,000 wo amount hai Jo humne provision for tax create Kiya hai iss saal , lekin question mein jo 75,000 diya hai wahi hai na provision for tax for current year.
Sir this creates contradiction? Please explain it .

[@shiv_anand_chaurasia]

Sir ye tax provided kya hai? Wahi mujhe nahi samajh aa raha.

[@CAKunalKumar]

@@shiv_anand_chaurasia Tax Provided means jo provision hum create karte hai...jo 75000 diya hai usse provision for tax ka closing balance bolenge..if possible watch this video again and note down everything properly with pen and paper as I am doing. Hope you will get the solution...

[@anuragmishra1730]

Sir aap ek no. Padhate ho

[@BhavnaChoudhary-v2w]

Please explain why do we take provision for tax given in income statement as tax paid ? Shouldn’t we consider it as non cash ?

[@anirudhnarasimhan9785]

Excellent video. Very useful for those having doubts.

[@infinite8739]

Very clearly explained thanks sir

[@CMAVindujapchinjus]

Thank you so much sir❤clear and perfect ly explained😊

[@illusion2005]

It helps me alot sir thankyou ❤️

[@SM-bh9ct]

A lot of thanks 🙏🙏

[@CAKunalKumar]

Most welcome

[@wrf1108]

Dher sara love for you sir 🥰

[@sanaansari4621]

Thanku sir 🤗

[@chiragdora7122]

Mza aagya sir thank u💯👏🏻

[@kArANsiNGh-od8es]

Thankq sir💥

[@amitsaroj2504]

Sir ledger provision for depreciation ka ledger me kaise treatment karenge

[@varshabhagchandani20]

Sir in case 1 can't we just add the balance in net profit before tax
It will still give the same answer

[@kavitaverma4635]

Thank you for this separate video❤

[@sahilmishra4079]

thank you

[@ritik094]

Thanks Sir 😊

[@majorsingh275]

Thanks a lot

[@lovekushYadavDU]

Thank you so much sir mera doubt poori tarah clear ho gya
You're a very nice teacher
Sir aap kahan rehte ho ?😇

[@Sahil-wd8um]

Ty sir

[@ShubhamKumar-qb4pd]

Thank you so ji❤❤❤❤ aapka

[@wel_come]

Sir please make treatment for provision for doubtful debt

[@DEADPOOL-jk9se]

Sir agar Additional point mei tax of 15000 was paid during the year likha ho ,and balance sheet aur notes to account mei kuch bhi given nhi ho phir treatment kya hoga..

[@purabnegi10-e21]

Terko pta chla kaise hota?

[@DEADPOOL-jk9se]

@@purabnegi10-e21 tax paid phle plus hoga uske baad last mai minus hoga

[@DEADPOOL-jk9se]

@@purabnegi10-e21 ha

[@DEADPOOL-jk9se]

@@purabnegi10-e21 phele plus hoga and last mai minus hoga

[@saifsidd2891]

Sir how to do treatment of Tax refund adjustment?

[@ChotuShaa558]

Agar sir provision for tax ki information ho per opening Aur closing nhi ho to Income tax ka treatment Kya hoga

[@kaifakram9062]

Thanks sir very useful

[@vyshnavpradeep3713]

Thank you sir ❤️

[@NeerajKumar-jd2bp]

Agar que me sirf tax paid dia ho to whi tax paid or tax made dono mana hai kya?

[@jobancheema1982]

Sir agr income tax refund bhi given ho uska kya treatment hoga..

[@bodybuilderzone4072]

Thanks buddy

[@sarikagarole3231]

Only give the adjustment tax paid when how to solve

[@sagarjaiswal5340]

Thanks sir

[@NAYANPandya-tf8jf]

Gst & PF & Esi ki same effect ayegi for cash flow effect

[@vipinprajapati39]

Very helpful thanks sir ❤❤

[@nishantkautkar7325]

Bal fig is provision created hai to closing provision kya hai , hum to provision last me creat krte hai na to closing provision hi is year ka provision created hona chaiye to bal fig phir se provision created kaise hua , in nutshell I didn't not understand the difference between closing provison and provision created during the year

[@suyashwatve]

very helpful

[@icai6354]

Sir aapne case 2 me 31-3-2021 ka ledger banaya tha to statement of profit and loss me 1,25,000 gya tha but question me 75,000 de rakha hai provision for tax

[@sakshamtarawat7394]

💯💯

[@KreamyKlipsCut]

Agr sirf income tax paid hi diya ho adjustment m phir kya hoga

[@ishaa1901]

Thank-you sir

[@aashi._.i]

Thanks a lot sir 😭

[@surbhisharma8674]

Agr adjustment me tax paid de rkha h sirf to use operating activities se minus krenge na sirf?..meri book me use profit and loss account me add bhi kiya hua h ...is this right?

[@CAKunalKumar]

They are assuming that amount of tax paid is equal to Provision for tax created during the year... Isliye add kiya hua h..

[@surbhisharma8674]

@@CAKunalKumar should I need to do the same in exam?..or i can just deduct it from operating activities?

[@RadhaKrishna-qq4rg]

Thank you so much sir

[@trustonme5527]

Half dout clear 😅
Profit and loss account me ess entry ko kaise treat kare?

[@sudhirchoudhary9768]

If only one year balance given then which assume paid or made

[@fakeacc1199]

Provision for tax and advance tax both opening and closing balances are given, then how do we calculate sir?

[@HarshRajabmn2004]

Tax is calculated on the basis of income/profit of the firm so there is no advances in tax .

[@emilthomas2867]

Thankyou Sir.

[@chanchalpandey585]

If only tax paid is given additional information and no information in balance sheet.
Then what is the treatment ?

[@kArANsiNGh-od8es]

❤️

[@HarshRajabmn2004]

Sir first case me mere pass opening balance of provision diya hai aur closing balance of provision diya hua hai aur kuch information nhi hai toh hum kaise man le ki jitana opening hai utana paid hua hai ?
Case 1. Ka treatment hum provision ko liability man kar bhi toh kar sakte hai ?
Plzz reply me ya answer me to clear my doubt

[@CAKunalKumar]

Jitna opening mein hai wahi pay kar diya humne this is best assumption otherwise agar company agar ek saal tak tax nhi karegi toh income tax department ka notice ayega... Interest lagega then penalty.... Liability assume karna is not good assumption.. Hope your doubt is clear now..

[@HarshRajabmn2004]

@@CAKunalKumar sir ye assumption app jo bataye hai wo assumption app kis basis par liye hai ? Aur app yahi assumption kyu liye aur koi assumption kyu nhi liye ?
Plzz reply me sir clear my doubt

[@CAKunalKumar]

@@HarshRajabmn2004Apko kon se assumption appropriate lag rhi hai.. Ki tax nhi pay kara? Can you imagine implications of not paying tax due for one year

[@HarshRajabmn2004]

@@CAKunalKumar yes sir I think these are implications of not paying tax due of 1 year are -
Penalities, bad impact on market , if the
company not pay tax then the govt. May close it etc .
I think so this are the some implications of tax not paid due on one yea
As a result we assume that the provision for tax of previous year paid on current year.. and current year provision are added to net profit to calculate net profit before tax and extraordinary item ..
Am I now thinking in right direction sir ya need some more clearity in my thinking ?
If more clearity is needed then suggest me sir otherwise confirm my thinking by replying me something sir ....

[@CAKunalKumar]

@@HarshRajabmn2004 Thinking correct now 👍

[@navneetkaur3337]

Sir if only income tax paid is given then?? And when there is refund of tax also given

[@anitaswami5428]

new subscriber 🤩💯💯🛐🛐🛐

[@CAKunalKumar]

Thank you

[@AmanMansuri0007]

Sir advance tax and provision for tax ek hi question ki tratment

[@kunalsonak1992]

Sir treatment of dividend or bta do??? ::

[@CAKunalKumar]

Check karo video hai already mere channel par.. Treatment of dividend ki

[@surajitroy5368]

Sir, what is the accounting treatment of Income tax appeal payment?

[@AnnapurnaTheArtofCooking]

Thanks sir. Pls explain illustration 61 of cash flow of TS grewal.

[@siddharthaggarwal884]

thanks

[@Jyotiyadav-iw3nu]

Thanks a lot for your help with this word sir ji amazing class 🙏 👏 🙏🙏🇮🇳🇮🇳🇮🇳

[@mukul_singhal_13]

Thank u sir

[@kunalrastogi4939]

Main advance tax ka treatment to btaya hi ni..?

[@Anjalinainaa]

🙏🙏🙏❤️❤️

[@jyotigandhi3856]

Hi Sir
Would there be any impact due to deferred tax?

[@Lakshyarajkalra]

Add in Non operating/Non Cash Expense

[@abdulabdulwaris8668]

A businessman starts his business by issuing 10 lakh debentures of 10 each at the interest of 10% he borrows rupees 250000 at 12% per annum from the bank he bought a machine of 300000 he also paid interest on loan on on debenture during the year end in net profit of 10 lakh find out cash flow from financing activities

[@chouhanr9883]

Mja agya sir❤

[@aymanchaudhary5179]

👍❤️

[@nileshshukla1192]

sir kuch reason to btaoo

[@CAKunalKumar]

Provision for tax is created on Profits earned by the Company. It is created due to prudence principle. I think I have started with this concept only. After this I have discussed its treatment in Cash Flow Statement. Let me know what else you wanna know. I would definitely try my best to explain.

[@Gavvvyy]

Ye kitna easy hai aur Mai faltu mein kuch bhi logic bnake solve kar rha tha😢

[@kashishkundal8797]

Kya koi please mujhe bataega ki adjustment me agar "premium on redemption of preference share 5000" diya ho to use 1. Finance activity me outflow dikhayenge
Per kya net profit me add back bhi karenge? Jaise aur expenses ko karte hai
Mujhe ye doubt isliye aaya kyunki preference share pl appropriation ka part hai pl ka nahi
Please help

[@HarshRajabmn2004]

Finance me toh outflow hoga hi par net Profit tab hi add karenge jab quest specific kuch mention karega otherwise usko as it is chod denge ....
I think you got my point that what I am trying to tell you...

[@Aman-vn7nb]

Yadi advanced tax ho to

[@RouttheSagar]

One comment for helping me sir😁😁😁

[@abdulabdulwaris8668]

Sir is ka solution send kar da na

[@Cheshtaaaa]

Waa

[@nileshshukla1192]

app ne to ratawa diya

[@gurbaani.vichar]

Thank so much it's very helpful 😊

[@crackhack6763]

Thank You

[@GST_Reviews]

thank u sir

[@AJIT_01M]

Thankyou sir ✨✨

[@harman1807]

Thankyou so much sir

[@Anantkriz]

Thanks a lot sir really helpful 🙏🙏🙏

[@shristikumari434]

Thank u sir ☺️

[@uddipangarrix340]

Thank you sir