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Deferred tax calculation

AS 1056 views 2 replies
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Ca Final Mcom
80 Points Posted on 16 August 2012

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

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On 16 August 2012 at 14:33 Report
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B.com ACA
5923 Points Posted on 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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On 16 August 2012 at 16:30
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B.com ACA
5923 Points Posted on 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.
22 Reply
On 16 August 2012 at 16:32


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