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what is the treatment of payment of corporation tax in national income ?
  • 2 answers

Priyanshu Tiwari 6 years, 10 months ago

As corporate tax is given in profits only so in income method it would be added with divided, retained earning when profit is not given in the question.

J K 6 years, 10 months ago

It is a part of profit, if profit amount is simply given then add it with others, if it is divided into parts as dividend, corporations tax, and undistributed profit then calculate the profit first then add it with other to calculate National income
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