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Deffered tax

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(Querist)
20 August 2013 What will be the Tax rate at the time of Computing deffered tax Assets/Liabilities where Future tax rate is also given Along with current rate.
What rate we will take Current or Future
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
20 August 2013 There is no such term as future tax rate.
Normal tax rate applicable to a company will be applicable while computing deferred tax.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 August 2013 Tax rate prevailing on the balance sheet date may be adopted.
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Vipin Mangal

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Vipin Mangal (Querist)
20 August 2013 But what will be the Normal tax rate
Is it will be the Rate ob Balance Sheet Date
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