Deferred tax asset
This query is : Resolved
26 August 2011
Can anyone plz calculate Closing Deferred Tax Asset for me?
Deferred Ta Asset at the opening: Rs. 6,00,000
Accumulated Losses at the year opening: Rs. 10,00,000
Loss for current year: Rs. 4,50,000
Unabsorbed Dep. at the start of year: Rs. 50,000
Dep. for current year (Unabsorbed): Rs. 35,000
Thanks in Anticipation
Deferred Ta Asset at the opening: Rs. 6,00,000
Accumulated Losses at the year opening: Rs. 10,00,000
Loss for current year: Rs. 4,50,000
Unabsorbed Dep. at the start of year: Rs. 50,000
Dep. for current year (Unabsorbed): Rs. 35,000
Thanks in Anticipation
01 September 2011
Information is not full. your all information not related to calculation of deferred tax
27 September 2011
well not talking about accuracy of opening balance of deffered tax asstes assumimng them to be correctly calculated i m giving my opinion
27 September 2011
Deffered tax Asset is reqd to be claculated on the amount of loss i.e 4.5 lakhs @ 30.9 % or if comnpany is paying surcharge @ 33.99 %
27 September 2011
for unabsorbed depreciation, u r reqd to also take into account the taxes that are allowed as per income tax act and deffered tax to be calculated accordingly
Ramesh is right in this regard
Ramesh is right in this regard
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Minimum tax payable to file Updated return
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- GST ISSUE OF INPUT AND OUTPUT GST
- GST Intimation due to Government took possession of Business Premises under PPE Act
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
