where does tax go in cash flow statement
Cash flow statement The direct method for creating a cash flow statement reports major classes of gross cash receipts and payments. Under IAS 7, dividends received may be reported under operating activities or under investing activities. If taxes paid are directly linked to operating activities, they are reported under operating activities; if the taxes are directly linked to investing activities or financing activities, they are reported under investing or financing activities. Generally Accepted Accounting Principles (GAAP) vary from International Financial Reporting Standards in that under GAAP rules, dividends received from a company's investing activities is reported as an "operating activity," not an "investing activity."[13]
Finance Commission Major Recommendations of 14th Finance Commission headed by Prof. Y V Reddy
Luxury tax (sports) The resulting total is then distributed to the remaining teams that are under the tax threshold.
Aggregate expenditure Aggregate expenditures is defined as : AE = C+Ip+G+NX,