Question

TUNIC U1H, Daulu
17.
ABC Limited presents interim financial report quarterly. On 1-4-2019, the company had carried
forward loss of 800 lakhs for income-tax purpose for which deferred tax asset has not been
recognized. The company earns 1,000 lakhs in each for quarter ending on 30-6-2019,30-9-2019,
31-12-2019 and 31-3-2020 excluding the loss carried forward. If income tax rate is 30%, the
amount of tax expense to be reported in each quarter would be how many
lakhs.​

Answer 1

Answer:

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Step-by-step explanation:

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