CALCULATION OF DEFERRED TAX

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 September 2010 Problem is :-

Net profit as per P/L 1000000
Depreciation as per co.act 5000
Depreciation as per I-T 12000
Expenses not allowed as per 6500
IT

Gross Block as on 31.03.10 1250000
WDV 650000

please suggest the amount of deferred tax assets/liability

Aditya Maheshwari

Aditya Maheshwari (Expert)
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03 September 2010 DTL on difference in depreication = 7000 * .309

DTA on expenses disallowed if allowable next year = 6500 * .309

If expenses not alowable then no DTA.