Deferred tax liability

This query is : Resolved 

13 September 2011 DEAR SIR,
WHAT IS DEFERRED TAX LIABILITY AND HOW WE CAN CALCULATE IT.

13 September 2011 Deferred tax liability arises when u r deferring ur tax liability by claiming more expenditure as per tax for eg., 100% depreciation.Deferred tax liability has to be created for tax liabilty which we have deferred to future.

13 September 2011 please refer AS - 22 Accounting for Taxes


13 September 2011 Diff. bet. dep. calculated as per income tax act and Companies Act.



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