DEFFERED TAX LIABILITIES AND ASSET

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Arun Iyer (Querist)
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22 June 2010 DEAR ALL

PLS. HELP TO ME

REGARDING WITH DEFFERED TAX LIABILITIES AND ASSET

WITH EXAMPLE

MY MAIL ID: ( karun.cwa@gmail.com )

With Thanks

K A K

Ram Avtar Singh

Ram Avtar Singh (Expert)
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22 June 2010 STATEMENT SHOWING THE CALCULATION OF DEFERRED ASSET (F.Y.2009-10)
Rs.

FIXED ASSETS
W.D.V. AS ON 31.03.2010 (AS PER COMPANIES ACT) 25,553,819.22

W.D.V. AS ON 31.03.2010 (AS PER INCOME TAX ACT) 25,234,377.91

DIFFERENCE IN W.D.V. 319,441.31

DEFERRED TAX LIABILITY@30.9% 98,707.00

ADD : DECREASE DURING THE YEAR 391,104.00

NET DEFERRED TAX LIABILTY AS ON 31.03.2010 489,811.00

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Rahul

Rahul (Expert)
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22 June 2010 Any Temporary timing differenc ewhich decrease the income under income tax Act is Deferred Tax Liablity.

Any Expense which increases the income under Income Tax Act is Deferred Tax Asset.

Same principle to be applied in case of Income.

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