What should be the deferred tax rate for 2007-2008 & 2008-2009??????
1 Replies
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 24 February 2010
deferred tax rate should be rate of next years tax rate. So if the expected income of the company is more than Rs. 1 crore in subsequent year then surcharge applicable and tax rate for both years 33.99% and if otherwise then 30.90%
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