deffered tax
This query is : Resolved
04 February 2008
Please explain me with example about the deffered tax liability on permenant defference..
04 February 2008
AS-22
Permanent differences are the differences between Taxable Income and Accounting Income that originate in one period and do not reverse subsequently.
Examples:
Disallowed Amortization of goodwill
Expenditure disallowed in assessment
Disallowances U/s 40(A)(3),40(b)
Weighted Scientific research expenditure.
Exemptions u/s 10/10A/10B
Deductions U/s 80IA / IB / IC
Additional Depreciation on Revaluation
Permanent differences are the differences between Taxable Income and Accounting Income that originate in one period and do not reverse subsequently.
Examples:
Disallowed Amortization of goodwill
Expenditure disallowed in assessment
Disallowances U/s 40(A)(3),40(b)
Weighted Scientific research expenditure.
Exemptions u/s 10/10A/10B
Deductions U/s 80IA / IB / IC
Additional Depreciation on Revaluation
05 February 2008
thank u
05 February 2008
Pleasse Go through AS-22 available in shared file section
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