Deffered tax

This query is : Resolved

CA. BIREN SHAH (Querist)
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26 July 2011 Hi Friends,

I want the help in the calculation of deffered tax income/expense for the financial year 2010-11. Details are as under.

WDV Aa On 31/03/2011
As per Books 97,557,474/-
As per IT 46,553,127/-

Depreciation As Per Books(FY) 50,60,533/-
Depreciation As Per IT (FY) 52,23,085/-

Opening Balance of DTL 155,55,365/-

Thanks,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 July 2011 Timing difference is Rs. 1,62,552/-, being the difference in depreciation.
Deferred tax liability on timing difference @ 30.90% is Rs. 50,229/-
Debit p & l account with Rs. 50,229/-
Balance sheet figure of DTL will be Rs. 1,56,05,594/-

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