TaxTMI 
TaxTMI 
TaxTMI 
Dear All,
Please help me for calculating Deffered Tax liability for a company when book profits is exceeds 1 Crore.
Deffered tax rate is added Surcharge @ 5% or not when exceeds book profits 1 Crore
Regards,
Krishna.B
Deffered Tax Rate
krishna besta
Deferred Tax Liability: Add 5% Surcharge for Companies with Book Profits Over 1 Crore Per Enacted Tax Laws A user inquired about calculating deferred tax liability for a company with book profits exceeding 1 crore and whether a 5% surcharge should be added. A respondent clarified that deferred tax liability should be measured using the tax rates and laws enacted by the balance sheet date. Since the company's book profits exceed 1 crore, the surcharge should indeed be added for the purpose of calculating deferred tax liability. (AI Summary)