deferred tax

This query is : Resolved 

19 October 2008 would any expailne to me Deferred Tax by way an example


thank

19 October 2008 Deferred Tax is the difference between Accounting Income & Taxable Income due to timing differences. Deferred tax may be DEferred tax Assets/Liablilies....

Eg 1) Carry Forward of Losses Undet IT Act.
2) Difference in the rate of depreciation between Income Tax Depreciation & Book depreciation.

3) Unabsorbed depreciation Under IT Act

19 October 2008 DEFERRED TAX is created for timing differences ,for which tax in future will be paid or will be reduced.




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