Easy Office
LCI Learning

Accounting Standard 22

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 July 2008 Dear Sir,

Depreciation as per books is Rs1.40lacs and as per Income Tax Laws is Rs1.50lacs.

On RS 10,000/- (ie 1.50-1.40) DTL is created @33.66% am i right in doing so?
Shall i create DTA in respect of the same

Method followed for Depriciation in book is WDV

Regards,
Pratik
Profile Image

CA RAMESH KUMAR AHUJA

Profile Image

CA RAMESH KUMAR AHUJA (Expert)
11 July 2008 Yes, ur method of calculation is correct. However, the tax rate should be 33.99%
Profile Image

Sambu Suresh

Profile Image

Sambu Suresh (Expert)
11 July 2008 you are right. also assess the previous year DTA and DTL balances in this respect. so u have to provide only for the net of the balancex



Profile Image

Pratik

Profile Image

Pratik (Querist)
11 July 2008 thank you for your kind reply

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links