DEFFERED TAX

a

Same as applicable to any other company.

Identify the Timing differences and apply the tax rate to create Deferred Tax asset / liability.

IN CASE OF DEPRICIATION, CALULATE TAX ON DEP. AS PER COPANIES ACT AND TAX ON DEP. AS PER INCOME TAX RATES, THE DIFFERNCE BETWEEN BOTH TAX WILL BE REGARDED AS DEFFERED TAX LIABILITY OR DEFFERE TAX ASSET AS THE CASE MAY BE.

Deffered Tax can be calculated on the difference between Written down value of Companies act and Income tax act. It should not be calculated on the difference between depreciation value of Companies act and Income tax act

Please tell me what is rate for deffereed tax for private companies. 

Please refer the below mentioned link…….

/forum/deffered-tax-83391.asp

Regards

K.Ilayaraja.