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differred tax accounting

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(Querist)
18 June 2008 I want to know all about differred tax,

from a to z and how it is calculated, and entries to be made in books
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Shekar

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Shekar (Expert)
18 June 2008 Refer AS-22
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Chintan Gajjar

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Chintan Gajjar (Expert)
18 June 2008 You may refer AS22 (A/c for Taxes on Income). If you have Differed Asset, the following entry will ne passed.
Def. Asst. Dr.
To Profit & Loss A/c

If there is Def. Liability
P & L Dr.
To Def. Liab. A/c

Thanks & Regards
Chintan
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Jitender

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Jitender (Expert)
23 August 2008 it is calculated on timing difference b/w taxation income & accounting income.

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