Mat - deffered tax liablity

CA.Sonia (professional) (517 Points)

23 September 2014  

 

Hello Everyone,

                       If a Pvt ltd company as Per income tax Law there is loss & As per Companies act there is a profit of Rs.1 Lakh which is same as of Book Profit .

Please Tell me the Accounting Entries of the above.

2.Do we need to create the Deffered Tax Liablity as the Depreciation is follows:-

As per income Tax Act 692798
Companies Act 414617

Please Tell me the Accounting Entries of the above.

 

Please Reply soon