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: ₹55,000 Profits as per Books of Accounts: ₹45,000
A DTA: ₹3,000
B DTL: ₹3,000
C DTA: ₹4,000
D DTL: ₹4,000
E No DTA/DTL arises
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