9/26/2019 Deferred Tax Calculator

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Deferred Tax Asset/(Liability)

Description Closing Opening
Aggregate of all Deferred tax asset 3,121.20 0.00
Aggregate of all Deferred tax liability -0.00 -0.00
Net Deferred Tax Asset/(Liability) 3,121.20 0.00

Disclosures
(Amount in Rs)
Accounting Entry Debit Credit
Deferred tax asset Dr. 3,121.20
To Deferred tax income 3,121.20
(Being creation of additional deferred tax asset
during the current year)

Balance Sheet Closing Opening

Non-current liabilities
Deferred tax liabilities (Net)
Non-current assets
Deferred tax assets (Net) 3,121.20 0.00

Statement of Profit & Loss Current Period Previous Period

Profit before tax
Tax expense
Current tax

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9/26/2019 Deferred Tax Calculator

Deferred Tax Expense/(Income) -3,121.20

Notes to Financial Statement Closing Opening

Deferred tax asset on:-
Other expenses 3,121.20 0.00
Sub-Total 3,121.20 0.00
Deferred tax liability on:-
Sub-Total 0.00 0.00
Net Deferred Tax Asset/(Liability) 3,121.20 0.00

Advisory: Information relates to the law prevailing in the year of publication/ as indicated . Viewers are advised to ascertain the
correct position/prevailing law before relying upon any document.

Disclaimer:The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does
not purport to give correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be
made as per the provisions contained in the relevant Acts, Rules etc.

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