Question
Given the following information, calculate the Deferred
Tax Asset (DTA) or Deferred Tax Liability (DTL) amount if the tax rate is 30%: Profits as per Income Tax: ₹55,000 Profits as per Books of Accounts: ₹45,000Solution
Deferred Tax Asset (DTA) arises when the book profit is less than the taxable profit. The difference in profits is ₹10,000 (₹55,000 - ₹45,000). The DTA is calculated as: DTA = Difference in Profits × Tax Rate = ₹10,000 × 30% = ₹3,000
Conclusions:
I. Some Years are being Months is a possibility
II. Some Weeks are being Years is a possibility
Statements:
- Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance wi...
Statements:All circles are rectangles.
No rectangle is a square.
Conclusions:I. No square is a rectangle.
II. Some rectangles are...
Statement:
All Planets are Stars
Some Stars are Earth
Only a few Suns are Planets
Conclusion:
I. All Sun being Star i...
Two statements are given followed by three conclusions numbered I, II, and III assuming the statements to be true, even if they seem to be at variance ...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
Only Tool is Screw
Some Tool is Nut
All Nut are Bolt
Conclusions:
I. All Nut can be Tool
II. All Screw can Bolt
Statements:
Some woods are tables.
All tables are teaks.
No teak is a chair.
Conclusions:
I. Some woods are t...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statement : Only a few White is Blue
Only a few Blue is Red
All Red is black
Conclusion
I. All Blue being black is a poss...
