DEFERRED TAXATION
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2010
SUPPOSE THERE IS OPENING BAL IN DTL A/C IS 1000/-
AND CURRENT YEAR TIMING DIFFERENCE IS 10000/-(DUE TO MORE DEPRECIATON IN TAX AND LESS DEPRECIATON AS PER CO'S ACT)AND TAX RATE IS 30.09%
AS THE ANOTHER DTL WILL HAVE TO BE CREATED AS 10000*30.09%= 3090.
SO MY QUERY IS IN CURRENT YEAR WHAT WILL BE THE AMT OF DTL IN JOURNAL ENTRY
AS THE ENTRY WILL BE P & L A/C DR.
TO DTL A/C
I WANT TO KNOW THE THE AMT IN THE ABOVE JOURNAL ENTRY PLS REPLY SOON.
AND CURRENT YEAR TIMING DIFFERENCE IS 10000/-(DUE TO MORE DEPRECIATON IN TAX AND LESS DEPRECIATON AS PER CO'S ACT)AND TAX RATE IS 30.09%
AS THE ANOTHER DTL WILL HAVE TO BE CREATED AS 10000*30.09%= 3090.
SO MY QUERY IS IN CURRENT YEAR WHAT WILL BE THE AMT OF DTL IN JOURNAL ENTRY
AS THE ENTRY WILL BE P & L A/C DR.
TO DTL A/C
I WANT TO KNOW THE THE AMT IN THE ABOVE JOURNAL ENTRY PLS REPLY SOON.
sudhakar ca cwa
(Expert)
15 September 2010
income tax a/c dr
to DTL a.c
to DTL a.c
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