deffered tax rate
This query is : Resolved
14 October 2007
THE RATE OF INCOME TAX IS THE SAME RATE AS APPLICABLE TO THE COMPANY.
WHAT IS TO BE ARRIVED AT IS THE NATURE OF THE ITEM OF DEFERRED TAX LIABLITY AS PER AS 22 AND SUB SEC.(3A) OF SEC 211 OF COMPANIES ACT.
R.V.RAO
WHAT IS TO BE ARRIVED AT IS THE NATURE OF THE ITEM OF DEFERRED TAX LIABLITY AS PER AS 22 AND SUB SEC.(3A) OF SEC 211 OF COMPANIES ACT.
R.V.RAO
14 October 2007
Future Rate of Income Tax.
30%
SC - 10% (If turnover exceeds 1C) otherwise nil
EC-2%
SHEC-1%
30%
SC - 10% (If turnover exceeds 1C) otherwise nil
EC-2%
SHEC-1%
14 October 2007
Mr Ravi is right its 30.90% for turnover under 1c for above its 33.99%
15 October 2007
Ms Pinki, don't be confused abt deffered tax rate, because deffered tax is a concept put by AS and not by Fiscal Law. There is no such rate defined in Finance Act. Its only an accounting adjustment for better representation of final accounts
21 October 2007
thankyou all for sloving my query about deffered tax rate........
23 October 2007
Pinki,
Also u can refer the portal for the further clarification and AS-22 on Deferred Taxation
Also u can refer the portal for the further clarification and AS-22 on Deferred Taxation
09 November 2007
Thanks for the inputs
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
