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defferef tax

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(Querist)
10 November 2008 there is cr balance in i.tax deffered tax assets in ay 2007-08 (rs 160000)IN ASST YEAR 2008-09 book profit is rs 10000 and dep as per co act is rs 150000 and as per i.tax act it is rs 50000 . WHAT SHALL BE DEFFERED TAX ASSETS /LIABILITY IN THE BOOKS IN FY 2007-08? WHETHER DEFFERED TAX LIABILITY WILL BE RELEASED ? HOW MUCH ? KINDLY REPLY
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
10 November 2008 DTL is not determined by depreciation alone. Without knowing your accounts it is not possible to ascertain the DTL/DTA.
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SHARAD THAWALI

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SHARAD THAWALI (Querist)
20 November 2008 0
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
27 June 2023 "Sorry, I am not a featured member."

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