alleryStart learning →Current tax is Rs 1,50,000 and a deferred tax liability of Rs 40,000 is created. Tax expense charged is:
ARs 1,10,000
BRs 1,90,000
CRs 1,50,000
DRs 2,30,000
Answer & Solution
Correct answer: B. Rs 1,90,000
Tax expense is current tax plus the deferred tax charge, so 1,50,000 plus 40,000 gives Rs 1,90,000.
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