When depreciation provided in financial accounts is 30,000 as compared to a depreciation of 50,000 in taxable

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When depreciation provided in financial accounts is ₹30,000 as compared to a depreciation of 50,000 in taxable income, and tax rate is 25%, then it will result into

(a) Deferred tax asset of ₹ 5,000

(b) Deferred tax liability of ₹ 5,000

(c) Deferred tax liability of ₹ 20,000

(d) Deferred tax assets of ₹ 20,000

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 15, 2023 11:39 PM

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When depreciation provided in financial accounts is 30,000 as compared to a depreciation of 50,000 in taxable

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Financial Accounting

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