Calculation of deferred tax assets/liability

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2011 sir in case of following situation :

Busineess Loss Rs. 480512/-Iincluding depreciation)
Depreciation as per book Rs. 100523/-
Depreciatiaon as per I.Tax. Rs. 106203/-

in such situation what will be calaculate either Deferred tax assets or deferred tax liability. and in case of carried forward business loss what effetcs given. pls also calcualte the DTA or DTL in above situation.
Thanks

CA Sumat Singhal

CA Sumat Singhal (Expert)
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23 September 2011 Deferred tax assets of Rs 1704/- (assumed tax rate @ 3o%).
And for carry forward of losses interpretation committee of accounting standards board has issued interpretation no 4 so kindly refer that.
Regards,
CS SUMAT SINGHAL