07 October 2014
while calculating of DTA and DTL Temprary difference Permanent difference Timing difference is considered please mention the example for the above said three differences.
08 October 2014
example of timing difference is disallowance of expense under section 43B. in companies accounts such expenses shall be allowed on accrual basis. however, in tax the deduction shall be allowed only on payment basis.
other example is depreciation
permanent differences are like exempt income...the income will be considered in P&L but not in tax ever, thus leaving a permanent difference.
Temporary differences are nothing but timing differences.