Deferred tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2012
If deferred tax credited to profit and loss a/c then it will be deducted from net income for tax computation.(i.e. income from business or profession)
09 August 2012
Deferred Tax is neither deductible nor it is chrgeable for income tax.
Since it is tax on notional Income/expense.
Since it is tax on notional Income/expense.
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2012
if net profit is Rs. 7,00,000/-
deffered tax credited to p/l is Rs. 50,000/-
What will be business income?
deffered tax credited to p/l is Rs. 50,000/-
What will be business income?
10 August 2012
What do you mean by business income??
If you mean income from business & Profession then it will be same as Rs. 700000 subject to allowance/disallowance of some expenditure.
If you mean income from business & Profession then it will be same as Rs. 700000 subject to allowance/disallowance of some expenditure.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
