In Computing Income whether Deffered Tax Arise. for example i am booking expense in books by following Accounting Standard
but while calculating income as per income tax by following ICDS. whether deffered tax arise or not
In Computing Income whether Deffered Tax Arise. for example i am booking expense in books by following Accounting Standard
but while calculating income as per income tax by following ICDS. whether deffered tax arise or not
Deferred tax asset or liability arises when there is a difference in accounting income and taxable income. Hence , it may arise if there are certain expenses/incomes in your books whose treatment is different in AS and ICDS.
Deferred tax asset or liability arises when there is a timing difference in accounting income and taxable income. Hence , it may arise if there are certain expenses/incomes in your books whose treatment is different in AS and ICDS.
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