Deferred Tax Asset -English || IAS 12 and Ind AS 12 || Income tax ||By CA Swati Gupta

[@rushikeshgaikwad9844]

@stayaheadwithswati
Initial cost of building:USD 1200.
Useful life:3 years(tax) vs 6 years (accounting).
Tax rate:40%.
Annual profit before taxes and depreciation:USD 2,000. How is income tax calculated?

[@Gipscurl31]

Make a video with practical example .....as to how it is done in FS

[@StayAheadwithSwati]

For full content download the app: play.google.com/store/apps/details?id=co.stan.hsggo&pli=1

[@Productivates1312]

Difference of 5000 be deductible in upcoming years meaning from where it will be deductible

[@neelakantanrk7083]

VERY VERY NICE EXPLAINED

[@Gipscurl31]

Thank u

[@pstrader7346]

Can you create a video on right of use of assts and lease liabilities treatment

[@StayAheadwithSwati]

Sure
Stay tuned, i will release a videos for explaining ROU and Lease liab.

[@dekondadayanand555]

Thanks madam

[@StayAheadwithSwati]

Welcome dear🤗
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[@caprinceanand1206]

👍

[@StayAheadwithSwati]

Thanks Prince 🙏😊
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[@prabhakaran7448]

Please Help us find Deferred Tax:
Book Profit - Rs. 3,84,888/-
Dep (Book) - Rs. 4,30,497-
Dep (IT) - Rs. 12,30,318/-
Only MAT Taxed @ 15% from Book Profit(ie, Rs.3,84,888) = Rs. 60,042/- {incl 4%Cess)
How to compute Deferred tax on the above case?
Kindly help us on this pls.

[@StayAheadwithSwati]

DTL= (1230318-430497)*tax rate
Allowed expenses as per taxation is higher as compared to books. This means it is taxable expense and will attract future tax obligation

[@prabhakaran7448]

@@StayAheadwithSwati Thanks for your clarification and immediate response madam.

[@abhijitmishra701]

Maan nice explanation.

[@StayAheadwithSwati]

Thanks Abhijit 😇
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