Deferred tax asset

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Satvir Singh (Querist)
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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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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01 September 2011 Information is not full. your all information not related to calculation of deferred tax

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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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

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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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 %

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
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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

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