Depreiciation Comparision.jpg

Working Note format for tax

Depreiciation Comparision ii.jpg

 

QUESTION

ABC PRIVATE LIMITED
PROFIT AND LOSS A/c  
Particulars Amt
Sales 500000
Less  
Purchase 300000
Gp 200000
Less  
Office Exp. 60000
Intrerest 50000
Depreciation* 60000
Profit  30000
Tax @ 30% ?
Profit after tax ?

Calculate Tax and PAT

View Answer

 

Example 2

Suppose Depreciation charged in books is as per Companies Act is 60000

But Depreciation as per Income Tax Act 70000

Calculate Tax?

View Answer

Calculate PBT and PAT also in above case

View Answer

 

DOWNLOAD AND TRY

 

 

QUESTION

Is Depreciation shown In Tally Profit and Loss as per Companies Act or Income Tax Act?

View Answer

Get live Maths 1-on-1 Classs - Class 6 to 12

Ask a doubt
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.