Question

Given the following information, calculate the Deferred Tax Asset (DT

  • A or Deferred Tax Liability (DT
  • L amount if the tax rate is 30%: Profits as per Income Tax: ₹1,00,000 Profits as per Books of Accounts: ₹2,50,000
A DTA: ₹45,000
B DTL: ₹45,000
C DTA: ₹30,000
D DTL: ₹30,000
E No DTA/DTL arises
Practice Next

Hey! Ask a query