Hello Sir
Can any body tell me treatment of Deffered Tax??
If there is a big difference b/w Income Tax Loss and Accounting Loss, Income Tax Loss is more than Accounting Loss.
Depreciation as per Income Tax 5563 and as per Accounts 52981.56.....................
Loss as per Income Tax (54057) and as per accounts it is (2475.78), it is because i have Rental Income in my books of Accounts bt as per Income Tax it should be treated under the head House Property, Same difference is for the treatment of its housing loan Interest.
CAclubindia
