Please Help: DTA/DTL
Posted Date : 08-Sep-2011 , 09:07:10 am | Posted By: Sanjeev
Category :
Income Tax | Answers :
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Comments :
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SIR
dta/dtl kab arise hoti hai ....meaining kya hai...with example ? |
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Answers:
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 Answer by: Ashish Karundia |
| Dear Sanjeev,
DTA is known as Deferred Tax Asset and DTL is known as Deferred Tax Liabilities. DTA/DTL arises due to difference between accounting income ( as per Companies Act, 1956) and taxation income (as per Income Tax Act.
Example - Depreciation as per companies Act - Rs. 10,000
Depreciation as per Income Tax Act - Rs. 15,000
Here, DTL = (5,000 X rate of tax) because excess depreciation of Rs. 5,000 has been claimed in Income Tax Computation.
Further, you will understand in a better way if you read AS-22 - Accounting for Taxes on Income.
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| Answer by: Rohit Agarwal |
| Read AS-22 - Accounting for Taxes on Income link : http://mca.gov.in/Ministry/notification/pdf/AS_22.pdf
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| Answer by: Rohit Agarwal |
| Read AS-22 - Accounting for Taxes on Income link : http://mca.gov.in/Ministry/notification/pdf/AS_22.pdf
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| Comments |
| Posted By : Sanjeev |
28-Sep-2011, 05:44:33 |
| thanks sir, aap ne simple word me case ko smjaya ...thanks both of u... |
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| Posted By : Rohit Agarwal |
08-Sep-2011, 10:48:41 |
| Read AS-22 - Accounting for Taxes on Income
link : http://mca.gov.in/Ministry/notification/pdf/AS_22.pdf
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