Deferred tax asset
This query is : Resolved
26 August 2011
Can anyone plz calculate Closing Deferred Tax Asset for me?
Deferred Ta Asset at the opening: Rs. 6,00,000
Accumulated Losses at the year opening: Rs. 10,00,000
Loss for current year: Rs. 4,50,000
Unabsorbed Dep. at the start of year: Rs. 50,000
Dep. for current year (Unabsorbed): Rs. 35,000
Thanks in Anticipation
Deferred Ta Asset at the opening: Rs. 6,00,000
Accumulated Losses at the year opening: Rs. 10,00,000
Loss for current year: Rs. 4,50,000
Unabsorbed Dep. at the start of year: Rs. 50,000
Dep. for current year (Unabsorbed): Rs. 35,000
Thanks in Anticipation
01 September 2011
Information is not full. your all information not related to calculation of deferred tax
27 September 2011
well not talking about accuracy of opening balance of deffered tax asstes assumimng them to be correctly calculated i m giving my opinion
27 September 2011
Deffered tax Asset is reqd to be claculated on the amount of loss i.e 4.5 lakhs @ 30.9 % or if comnpany is paying surcharge @ 33.99 %
27 September 2011
for unabsorbed depreciation, u r reqd to also take into account the taxes that are allowed as per income tax act and deffered tax to be calculated accordingly
Ramesh is right in this regard
Ramesh is right in this regard
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