Deferred tax
This query is : Resolved
26 September 2012
Ours is a pvt ltd company with business loss (before Depreciation) of Rs 4,66,09,125 and depreciation of Rs 4,97,33,247 as per IT Act n Rs 4,69,21,677 as per Companies Act for the year 2011-12 being first year of business.
pl guide me to calculate deferred tax in this case n also case of DTA or DTL pl specify
pl guide me to calculate deferred tax in this case n also case of DTA or DTL pl specify
26 September 2012
1) Timing difference on account of depreciation is Rs. 28,11,570/-
2) DTL @ 30.90% on the above , Rs. 8,68,775/-
3) DTA on business loss can be recognized if there is virtual certainty that income will generate in the ensuing year.
2) DTL @ 30.90% on the above , Rs. 8,68,775/-
3) DTA on business loss can be recognized if there is virtual certainty that income will generate in the ensuing year.
Message likes :
1 times
26 September 2012
Dep as per IT act -46921677
Dep as per Co act - 49733247
Timing Diff - 2811570
DTA (since dep is less in IT act) 2811570*30.9% - 868775
Dep as per Co act - 49733247
Timing Diff - 2811570
DTA (since dep is less in IT act) 2811570*30.9% - 868775
Message likes :
1 times
26 September 2012
BUT SIR PL CONFIRM ME IS IT A CASE OF DTA OR DTL?
26 September 2012
Depreciation as per IT being more, recognize DTL.
26 September 2012
Sorry DTL will be created since dep as per IT is more
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Experts need help
- Putting a heading on received mail
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
