Poonawalla fincorps
Poonawalla fincorps

As 22 : taxes on income

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2015 When income tax slab rates are given how do we calculate effective rate of tax for the purpose of calculating current tax and deferred tax?

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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 March 2015 the tax rates are same, deferred tax is based on the difference between allowed and disallowed expenses under income tax and companies act

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