What is Deffered Tax Laibility .How can we calculate Deffered Tax Liability.
And in last How can we Clear the Account of Deffered Tax Liability
Gurpreet Singh (Accountant) (24 Points)
12 November 2009What is Deffered Tax Laibility .How can we calculate Deffered Tax Liability.
And in last How can we Clear the Account of Deffered Tax Liability
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 12 November 2009
Deferred tax liability in created on timing timing differences as per Income Tax Act and book where deduction allowable as per Income Tax act is more than as per books. When the said difference is being reversed the said deferred tax liability is reversed.
Read AS - 22 for more clarity
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
