Question

The term ‘current tax’ in financial statements refers to:

A Tax expense payable/refundable for the current year based on enacted tax laws
B Deferred tax only
C Tax paid in previous years only
D Future expected tax liabilities
E Tax on capital gains only
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)