EASYOFFICE
EASYOFFICE

Defferred Tax Liabilities

This query is : Resolved 

22 September 2010 Hi, this is anand (Mgr. A/C) from Urmil Motors.
My quarry is about Deffered tax liability.

See We have Demo Car for Test Drive Demo (to our new customer) purposes amounting Rs.70 lac.

Is there any DT liability should be raised while we are using these for business generating purpose.

Urgent

regards,



22 September 2010 Demo Car is a Fixed Asset for Automobile retailers. The defered Tax asset/liability arising due to timing difference on account of difference in depreciation is to be created.

23 September 2010 agree..




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries