Poonawalla fincorp
Poonawalla fincorp

Deferred tax

This query is : Resolved 
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(Querist)
21 November 2014 In Book Depreciation is Rs. 20000/-, and as per IT Depreciation is Rs. 18,000/-, so in this case kindly tell Entry for deferred tax, with some information. I am creating deferred tax in books for first time
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Simranjeet Singh

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Simranjeet Singh (Expert)
21 November 2014 Deffered Tax Asset A/c Dr.
To Profit & Loss A/c
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Rupesh Jain

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Rupesh Jain (Expert)
22 November 2014 deffered tax assets a/c
to profit and loss a/c

with diff of depreciation rs. 2000X income tax rate.
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