Deferred tax liability

This query is : Resolved

SHUBHAM (Querist)
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27 October 2012 Respected Members,
Please clear me that what is the meaning of deferred tax liability???
Further its calculation formula.........

& Whether it is only applicable to manufacturing concerns or it is also applicable on trading concerns??????/

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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27 October 2012 Its Applicable to Corporates Only
Meaning is:-
For Ex; P%M Asset
DEp You taken as Per IT is 10000 This Year
as Per Company Act :- 7000

Then Balance 3000 on Which You are Paying Tax in Coming Year, So Its Your Deferred Tax Liablity.
3000*30.9% = 927 U are Going to Pay in Coming Years.