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 Income tax expense 
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Joined: 01 Mar 2013
Posts: 21
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I have known that the income tax expense is equal to “EBI*(tax rate)” and also “tax payable+ deferred tax changes”.
But, in some practice questions, ”EBI*(tax rate)” is not equal to ”tax payable+ deferred tax changes”.
I can’t understand why this difference is created.


05 Jun 2015
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Joined: 23 Feb 2016
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Income tax expense is the amount of expense that a business recognizes in an accounting period for the government tax related to its taxable profit. The amount of income tax expense recognized is unlikely to exactly match the standard income tax percentage that is applied to business income, since there are a number of differences between the reportable amount of income under the GAAP or IFRS frameworks and the reportable amount of income allowed under the applicable government tax code. You can take this munnar call taxi for any tours and travels program of your family. They are providing secured and comfortable cabs.


23 Feb 2016
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