Friends, Pls help me in calculating Deferred tax.
Opening DTA in books Rs.8,633
Depreciation as per books - Rs35,069
Depreciation as per IT Act - Rs.25,887
Current year business loss - Rs.44,63,235
2 Replies
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 16 August 2012
DTA for curr year=30.9% of dep diff., def tax has nothing to do with business (except dep component)
so add this dta to opening bal to arrive at closing bal.
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 16 August 2012
DTA for curr year=30.9% of dep diff., def tax has nothing to do with business (except dep component)
so add this dta to opening bal to arrive at closing bal.
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