20 September 2012
I want to Know regarding deferred tax And sopposed Loss after depreciation-500000 Depreciation as per books-150000 depreciation as per it-200000 W D V as per it-1000000 W D V as per company-2500000 Business loss brought forward-3800. And deferred tax assets of last year-630000 How can i provide deferred tax PLZ Advise me
20 September 2012
Defferred Tax is the Tax effect of Timing Difference
Timing Difference are the differences between taxable income and accounting income for the period that originate in one period and capable of reversal in one or move subsequent periods
Substantialy enacted rate * (differnece between the WDV as per Companies Act and IT Act)
CAclubindia
