Deferred Tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2011 In case of Deferred Tax Calculation for the First year of Company Pvt. Ltd.

As per Books Depreciation Comes Rs.15,798/-
As per IT Depreciation Comes RS.29,712/-

Net Block as per books = Rs.83,242
WDV as per IT = 69,328/

So let show a chart how to calculate it.
Whether it assets or liability.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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29 June 2011 The difference between deprecaition is deferred tax liability of the applicable tax rate * 13,914
if tax rate 30.9 excluding surcharges then DTL 4299.

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