Need to calcuate deffered tax
This query is : Resolved
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 ?
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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