Deferred tax asset / liability
This query is : Resolved
CA JAYESH RELKAR
(Querist)
29 August 2013
shall we have to add cess while recognising deferred tax asset/liability??
e.g. if timing difference is 15000
tax rate is 30%
then DTA/DTL is Rs. 4500 or 4635?
e.g. if timing difference is 15000
tax rate is 30%
then DTA/DTL is Rs. 4500 or 4635?
CMA Ramesh Krishnan
(Expert)
29 August 2013
Under Accounting standard 22, Deferred tax assets and liabilities are usually measured using the tax rates and tax laws that have been enacted. so effective tax rate for companies will apply e.cess also. so 30.90% only. amount Rs.4635/-
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