Need to calcuate deffered tax
This query is : Resolved
uday singh Negi
(Querist)
05 March 2013
dear sir,
in our company we are having a loss of rs. 28,64,156/-
as per companies act and loss of rs. 28,95,739/-
as per income tax act depreciation as per companies act rs. 73589/- depreciation as per income tax act rs. 183732/-
but my auditor didn't calculate deferred tax ?
please explain why ?
in our company we are having a loss of rs. 28,64,156/-
as per companies act and loss of rs. 28,95,739/-
as per income tax act depreciation as per companies act rs. 73589/- depreciation as per income tax act rs. 183732/-
but my auditor didn't calculate deferred tax ?
please explain why ?
uday singh Negi
(Querist)
05 March 2013
expert please reply
Guest
Guest
(Expert)
06 March 2013
In my opinion there shall be calculation of deffered tax and the amount of deferred tax shall be = 30.90% of (183732-73589) = Rs. 34034 and this will be called deffered tax liability.
but if auditor didn't calculate then i am not sure about it so please consult with one more person.
but if auditor didn't calculate then i am not sure about it so please consult with one more person.
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