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TAx loss and Tax Profit

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(Querist)
08 April 2009 Hi,

If a company is charging Rs1500 Depreciation as per accounting and Rs1200 Depreciation for tax Purpose.
there is the Tax Loss of Rs300..

I m not able to interprate that how it is loss for company ,,it is look like a gain as the company is paid lesser tax because of Charging higher Depreciation.

my query : why it is Tax loss and please interprate and also give some brief on Tax Base.

Its urgent

Regards
Anil Meena
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
08 April 2009 Take it in another way..If you are chargingmore today then yu will charge less tomorrow.

So in future your income gonna increase and thus increase of tax liability.
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Anil Meena

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Anil Meena (Querist)
08 April 2009 Hi Prakash,

Thanks for Reply but my question is why we consider it tax loss for todays statment. ?
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Anil Meena

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Anil Meena (Querist)
08 April 2009 hi prakash,
your view is contradicting ,,
Can you give me some more brief about its concept.


Regards
Anil
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
08 April 2009 Dear Anil, your question itself not clear. When you are charging lesser depreciation in Income Tax then it means you are showing higher profits in Income tax and paying higher tax. How are you saying it a tax gain. Can you please elaborate your question exactly.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
08 April 2009 Dear Anil, your question itself not clear. When you are charging lesser depreciation in Income Tax then it means you are showing higher profits in Income tax and paying higher tax. How are you saying it a tax gain. Can you please elaborate your question exactly.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 April 2009 In this case there will be Deferred Tax Liablity on 300/-.
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Anil Meena

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Anil Meena (Querist)
08 April 2009 sorry


suppose the depreciation as per :

accouting :- 1200
tax :- 1500

then what is the tax loss the meaning of tax loss of Rs 300 ?
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DEEPAK GOYAL

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DEEPAK GOYAL (Expert)
09 April 2009 here u are different your question was accounting 1500 and tax 1200 now you change your question. please clerify it
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Anil Meena

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Anil Meena (Querist)
10 April 2009 please ans my last query,,i already said SOrry

:-}
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Anil Meena

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Anil Meena (Querist)
10 April 2009 please ans my last query,,i already said SOrry

:-}
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
10 April 2009 Already Answered by me.
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