hi frndz
what is deferred tax and how it is calculated
pl help me
thnx to all for helping others.
Joey Tribbiani
(fdg)
(2010 Points)
Replied 11 October 2010
deferred tax is calculated as per AS 22- Deferred taxes. It is the amount of tax that u actually pay under income tax act and the calculated amount under companies act. It is calculated only on timing differences. For full calculations definitions and calculations kindly refer to AS 22 issued by ICAI
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