Dear ALL
ABC LTD HAS BOOK PROFIT RS. 200000 AND LOSS RS. 900000 AS PER INCOME TAX ACT DUE TO DEPRECIATION IS HIGHER AS PER INCOME TAX THAN COMPANIES ACT.
TAX LIABILTY (MAT) RS. 30000
HOW MUCH DEFERRED TAX LIABILTY SHOULD BE RECOGNISED?
1.RS. 330000 (30% OF RS. 1100000)
2 RS 60000(30% OF RS. 200000)_
3. RS. 300000 (RS.330000 - RS.30000(MAT LIABILITY)
GIVE THE RESPONSE AS SOON AS EARLIER
WARM REGARDS
CA NAVIN JAIN
CAclubindia
