Question

A firm uses written-down value for tax depreciation (₹1 crore base at 40% DD

  • B and straight-line for books (10-year life). Tax rate = 30%. What is deferred tax liability (DT
  • L at the end of first year?
A ₹6 lakh
B ₹12 lakh
C ₹9 lakh
D ₹24 lakh
E ₹30 lakh
Practice Next

Hey! Ask a query