DTA/DTL Calculation
This query is : Resolved
20 February 2009
Can anyboby explain me the calculation of DTA/DTL in the following situation.
Accounting loss 1000000/- (Depreciation 100000/-)
IT loss Rs 1200000/- (Depreciation Rs 300000/-)
Tax Rate 33.99%
Accounting loss 1000000/- (Depreciation 100000/-)
IT loss Rs 1200000/- (Depreciation Rs 300000/-)
Tax Rate 33.99%
20 February 2009
as their is loss their is no case of DTA/DTL.only if future expected profit is there
21 February 2009
In the given example, the expense claimed in Tax is more than accounts. There it would be DTL at Rs. 66667/-
(33.99%*(3lacs - 1 lacs))
(33.99%*(3lacs - 1 lacs))
22 February 2009
Dear Deepak Sir,
What about DTA on loss. There is virtual certainty regarding future expected profit.
Thanks in advance.
What about DTA on loss. There is virtual certainty regarding future expected profit.
Thanks in advance.
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