Calculation of deferred tax assets/liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2011
sir in case of following situation :
Busineess Loss Rs. 480512/-Iincluding depreciation)
Depreciation as per book Rs. 100523/-
Depreciatiaon as per I.Tax. Rs. 106203/-
in such situation what will be calaculate either Deferred tax assets or deferred tax liability. and in case of carried forward business loss what effetcs given. pls also calcualte the DTA or DTL in above situation.
Thanks
Busineess Loss Rs. 480512/-Iincluding depreciation)
Depreciation as per book Rs. 100523/-
Depreciatiaon as per I.Tax. Rs. 106203/-
in such situation what will be calaculate either Deferred tax assets or deferred tax liability. and in case of carried forward business loss what effetcs given. pls also calcualte the DTA or DTL in above situation.
Thanks
CA Sumat Singhal
(Expert)
23 September 2011
Deferred tax assets of Rs 1704/- (assumed tax rate @ 3o%).
And for carry forward of losses interpretation committee of accounting standards board has issued interpretation no 4 so kindly refer that.
Regards,
CS SUMAT SINGHAL
And for carry forward of losses interpretation committee of accounting standards board has issued interpretation no 4 so kindly refer that.
Regards,
CS SUMAT SINGHAL
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