HOW TO CALCULATE DEFFERED TAX IN PRIVATE LIMITED COMPANIES ?
CA Ajit Gajera (Practicing Chartered Accountants) (124 Points)
13 August 2008HOW TO CALCULATE DEFFERED TAX IN PRIVATE LIMITED COMPANIES ?
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 13 August 2008
Same as applicable to any other company.
CA RAMESH KUMAR AHUJA
(CA, DISA, LLB)
(5452 Points)
Replied 14 August 2008
Identify the Timing differences and apply the tax rate to create Deferred Tax asset / liability.
kamini
(ca final student)
(20 Points)
Replied 26 September 2008
IN CASE OF DEPRICIATION, CALULATE TAX ON DEP. AS PER COPANIES ACT AND TAX ON DEP. AS PER INCOME TAX RATES, THE DIFFERNCE BETWEEN BOTH TAX WILL BE REGARDED AS DEFFERED TAX LIABILITY OR DEFFERE TAX ASSET AS THE CASE MAY BE.
M.Bhuvaneswari
(Articled Assistant)
(33 Points)
Replied 07 July 2009
Deffered Tax can be calculated on the difference between Written down value of Companies act and Income tax act. It should not be calculated on the difference between depreciation value of Companies act and Income tax act
satyapriya sahoo
(CA IPC)
(44 Points)
Replied 27 May 2010
Please tell me what is rate for deffereed tax for private companies.
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