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Deffered Tax Rate , Income Tax

Issue Id: - 4540
Dated: 20-8-2012
By:- krishna besta

Deffered Tax Rate

Contents

Dear All,

Please help me for calculating Deffered Tax liability for a company when book profits is exceeds 1 Crore.

Deffered tax rate is added Surcharge @ 5% or not when exceeds book profits 1 Crore

Regards,

Krishna.B

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 20-8-2012
By:- CA GOPALJI AGRAWAL

It should be measured using the tax rates and tax laws that have been enacted by balance sheet date. Since the company is already having the book profit exeeding 1 crore so surchage should be added for the purpose of deferred tax laibility measurement.

Page: 1