Deferred tax asset

This query is : Resolved

Satvir Singh (Querist)
Follow

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)
Follow

01 September 2011 Information is not full. your all information not related to calculation of deferred tax

CA Pushpendra Gaur

CA Pushpendra Gaur (Expert)
Follow

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)
Follow

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)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now