How to calculate deferred tax?????

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Rajbeer (Querist)
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29 June 2016 Hello Experts

I want to Know how how to calculate the deferred tax.For E.g Accounting Income is 896423.96, Loss on asset is Rs 266174.63, Depreciation as per companies act is 392966.62 and Depreciation as per income tax act is Rs 265222.98. How to calculate the Deferred Tax in the above mentioned example. please explain

Rupesh Jain

Rupesh Jain (Expert)
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29 June 2016 its govern by AS-22
you ca\n see
taxguru.in/company.../deferred-taxaccounting-standard22accounting-taxes-income.ht...

its take tax on diff of depreciation and another items which effect the taxable and books income, if there effect will reverse in future then you take the DTA or DTL there is timing difference and for permanent diff. not take for DTA/DTL

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