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Sir..why do we take for continuous business profit before tax for discontinued business profit after tax for profit for the period in financial statements...
Answers (5)
CA Suraj Lakhotia Admin
In which context?
In Annexure sir.. Schedule III to the companies Act,2013 We have part ll statement of profit and loss format..
CA Suraj Lakhotia Admin
In both cases taxes are adjusted.
Could you please explain further.. How the tax adjusted for profit from continuing operations?(we consider profit before Tax only)
Thread Starter
Subha NCould you please explain further.. How the tax adjusted for profit from continuing operations?(we consider profit before Tax only)
You have a line item called Tax Expense.
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