DEFFERED TAX LIABILITIES AND ASSET
This query is : Resolved
22 June 2010
DEAR ALL
PLS. HELP TO ME
REGARDING WITH DEFFERED TAX LIABILITIES AND ASSET
WITH EXAMPLE
MY MAIL ID: ( karun.cwa@gmail.com )
With Thanks
K A K
PLS. HELP TO ME
REGARDING WITH DEFFERED TAX LIABILITIES AND ASSET
WITH EXAMPLE
MY MAIL ID: ( karun.cwa@gmail.com )
With Thanks
K A K
Ram Avtar Singh
(Expert)
22 June 2010
STATEMENT SHOWING THE CALCULATION OF DEFERRED ASSET (F.Y.2009-10)
Rs.
FIXED ASSETS
W.D.V. AS ON 31.03.2010 (AS PER COMPANIES ACT) 25,553,819.22
W.D.V. AS ON 31.03.2010 (AS PER INCOME TAX ACT) 25,234,377.91
DIFFERENCE IN W.D.V. 319,441.31
DEFERRED TAX LIABILITY@30.9% 98,707.00
ADD : DECREASE DURING THE YEAR 391,104.00
NET DEFERRED TAX LIABILTY AS ON 31.03.2010 489,811.00
Rs.
FIXED ASSETS
W.D.V. AS ON 31.03.2010 (AS PER COMPANIES ACT) 25,553,819.22
W.D.V. AS ON 31.03.2010 (AS PER INCOME TAX ACT) 25,234,377.91
DIFFERENCE IN W.D.V. 319,441.31
DEFERRED TAX LIABILITY@30.9% 98,707.00
ADD : DECREASE DURING THE YEAR 391,104.00
NET DEFERRED TAX LIABILTY AS ON 31.03.2010 489,811.00
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22 June 2010
Any Temporary timing differenc ewhich decrease the income under income tax Act is Deferred Tax Liablity.
Any Expense which increases the income under Income Tax Act is Deferred Tax Asset.
Same principle to be applied in case of Income.
Any Expense which increases the income under Income Tax Act is Deferred Tax Asset.
Same principle to be applied in case of Income.
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