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.
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.
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.
CAclubindia
