Deferred tax
This query is : Resolved
Manoj Prasad
(Querist)
27 September 2012
FOR A PRIVATE LIMITED COMPANY
FIXED ASSETS VALUE ON CLOSING 31.03.2012
AS PER BOOKS RS,60,000/-
AS PER IT RS,40,000/-
DIFF RS. 20000/-@30.90% = RS. 6180/-
NOW RS.6180/- IS MY DEFERRED TAX ASSETS OR DEFERRED TAX LIABILITY ?
PLZ REPLY
FIXED ASSETS VALUE ON CLOSING 31.03.2012
AS PER BOOKS RS,60,000/-
AS PER IT RS,40,000/-
DIFF RS. 20000/-@30.90% = RS. 6180/-
NOW RS.6180/- IS MY DEFERRED TAX ASSETS OR DEFERRED TAX LIABILITY ?
PLZ REPLY
CA RICHA BADALIA
(Expert)
27 September 2012
Deferred tax liability.
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