Deffered tax calculation
This query is : Resolved
Pradeep Vishwakarma
(Querist)
28 July 2015
Can anyone explain me why we multiply by 30.9 to Depreciation difference to arrive at deffered tax asset or liability. Please explain me the logic behind the same.
28 July 2015
Income tax rate - 30% and cess 3% effective 30.9%( if no surcharge ie income below Rs 1 cr)
Pradeep Vishwakarma
(Querist)
28 July 2015
Thank you sir, I got the same
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