03 June 2013
our company 1st FY 31.03.13 incurred losses of Rs.7 crores including depreciation of Rs.2 crores as per companies act and depreciation as per IT act of Rs.5 crores. Please advise is it require to calculate deferred tax if require how to calculate Thanking you
a) Income tax -- 30.00% b) Surcharge @5% of (a) -- 1.50% c) Edu.Cess @ 2% of [a+b] -- 0.63% d) Sec.& Hig. Edu. cess @1% of [a+b] -- 0.32% ----- Total -- 32.45% =====
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