deferred tax

Hello Saurabh,

For arriving at net worth, defeered tax liabilty is added , not deducted.....

 NET WORTH= ORDINARY SHARE CAPITAL & APPLICATION MONEY

                        + GENERAL RESERVE

                        + DEFERRED TAX LIABILITY

                        + SHARE PREMIUM

                        + OTHER SUBSIDY

                        + SURPLUS/ DEFICIT OF PROFIT & LOSS A/c

Deferred tax liabilty includes total liability i.e. previous yr liability plus current yr provision for deferred tax.....

REGARDS

RAGHAV