Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Accounting Profit v/s Taxable Profit as per IAS 12 ??

user-image
Question added by Mohammed Ali Nagoury , Finance Manager , Super Sip Limited
Date Posted: 2014/06/23
Muhammad Fiaz
by Muhammad Fiaz , GROUP MANAGER ACCOUNTS, FINANCE AND TAX , SMPL Group of Companies

Accounting profit calculated according to IFRS and accounting concepts.

Taxable profit calculated according to tax rules and regulations.

Muhammad Rizwan
by Muhammad Rizwan , Accountant , Howdy Restaurant

Profit calculated according to the IFRS's and accounting principals by the company called accounting profiting profit calculated according to the tax rules and regulations of tax authorities called taxable profit. 

More Questions Like This