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Deffered tax calculation

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(Querist)
28 July 2015 Can anyone explain me why we multiply by 30.9 to Depreciation difference to arrive at deffered tax asset or liability. Please explain me the logic behind the same.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
28 July 2015 Income tax rate - 30% and cess 3% effective 30.9%( if no surcharge ie income below Rs 1 cr)
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Pradeep Vishwakarma

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Pradeep Vishwakarma (Querist)
28 July 2015 Thank you sir, I got the same




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