Deferred Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2011
If My Total Income is 85000, Expenses (without Depreciation)is 100000, Depreciation under Income Tax Act 7000, depreciation as per companies act 6000,Previous year's loss is 50000.
How much will be deferred tax asset n liability? how to calculate d same....
How much will be deferred tax asset n liability? how to calculate d same....
CA. RAVIKUMAR
(Expert)
01 June 2011
For depreciation -DTL
For Lost Year loss- DTA
For Current year loss-DTA
calculate the same by applying the Tax rate.
For Lost Year loss- DTA
For Current year loss-DTA
calculate the same by applying the Tax rate.
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