PROBLEM
INDERJEET (CWA STUDENT & SERVICE) (177 Points)
24 November 2008
HI,
CAN YOU EXPLAIN THE TERM OF DEFFERED TAX ASSEST & LIABILITY.
ST 38 INWARD & ST 38 OUTWARD.
THANKS
2 Replies
P.S.VISHWANATHAN
(COMMERCIAL MANAGER)
(135 Points)
Replied 26 November 2008
| Originally posted by :INDERJEET | ||
| " | HI, CAN YOU EXPLAIN THE TERM OF DEFFERED TAX ASSEST & LIABILITY. ST 38 INWARD & ST 38 OUTWARD. THANKS |
" |
Sujay C Deshpande
(article)
(80 Points)
Replied 26 November 2008
deffered tax is the difference occurred on account of difference between the accounting income and taxable income , its like a BRS, as co pays taxes undet incometax law and keeps books as per the co act so the difference arises
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