……….is the amount of income taxes payable on the taxable profit for a period, in accordance with rules established by the tax authorities

Related MCQs

• …………. are the amount of income tax payable in future period for taxable temporary differences.
• Amount attributed to the asset or liability for tax purpose is called
• Income tax consists of
• Total borrowings used for construction of an office building are Rs.30, 00000. Entity issued 8% debentures worth 10,00000 for this purpose and balance amount was utilized from its common pool including 10% bank loan of Rs.1000000 and 9.5% bank loan of Rs.1000000. What is the amount of borrowing cost to be capitalized?
• Carrying amount of an asset as on 1st April 2015 is Rs. 1500000 and depreciation for the year 2015 – 2016 is 15000. Fair value of the asset less cost of disposal as on 31 March 2016 is Rs. 120000. Which of the following is the carrying amount at 1st April 2106?
• When after the end of the reporting period an event occurs that is indicative of conditions that arose after the end of the reporting period:
• ……………..are employee benefits that are payable after the completion of employment
• Specific principles, bases, conventions, rules and practices applied in presenting financial statements, are called,
• ” Deferred tax asset is not a component of statement of financial position”
• IASB was established in the year….