27 September 2011
well not talking about accuracy of opening balance of deffered tax asstes assumimng them to be correctly calculated i m giving my opinion
27 September 2011
Deffered tax Asset is reqd to be claculated on the amount of loss i.e 4.5 lakhs @ 30.9 % or if comnpany is paying surcharge @ 33.99 %
27 September 2011
for unabsorbed depreciation, u r reqd to also take into account the taxes that are allowed as per income tax act and deffered tax to be calculated accordingly Ramesh is right in this regard
CAclubindia
