Deferred tax liablity
This query is : Resolved
16 April 2014
Dear All,
Please explain what is deferred tax liability with eg.
Please explain what is deferred tax liability with eg.
16 April 2014
please refer https://www.caclubindia.com/articles/meaning-of-deferred-tax-liability-asset-in-simple-words-13385.asp#.U04g_6Ia28A
Message likes :
1 times
17 April 2014
If difference between accounting income as per companies act and taxable income as per income tax act is timing difference then such difference shall create deferred tax asset or deferred tax liability.
Examples of deferred tax liabilities:
(1) In income tax more depreciation is allowed as compared with accounting depreciation
(2) Income is disallowed and such income is cause of timing difference
Examples of deferred tax liabilities:
(1) In income tax more depreciation is allowed as compared with accounting depreciation
(2) Income is disallowed and such income is cause of timing difference
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
