Deferred Tax Liability

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