Hi
Can someone give me examples of disallowable and allowable expenses for income tax purposes?
Where can I find that list?
Txs
Yasaswi Gomes new (Finance ) (4492 Points)
08 August 2023Hi
Can someone give me examples of disallowable and allowable expenses for income tax purposes?
Where can I find that list?
Txs
sabyasachi mukherjee
(27129 Points)
Replied 08 August 2023
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 08 August 2023
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 08 August 2023
They are disallowances and depreciation+ capital expenditure are tax allowed expenses then.
RAJA P M
("Do the Right Thing...!!!")
(127962 Points)
Replied 08 August 2023
sabyasachi mukherjee
(27129 Points)
Replied 08 August 2023
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 08 August 2023
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 08 August 2023
Nice to learn this bit to learn corporate taxation. And now the difference between these two is deferred liability.
sabyasachi mukherjee
(27129 Points)
Replied 09 August 2023
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 10 August 2023
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 10 August 2023
Assets ca >tax base or liabilities ca < tax base = deferred tax liability eg depreciatiin
Assets ca < tax base or Liabilities ca > tax base = deferred tax assets eg intragroup sales
Now I've learnt deferred tax liability arises due to non tds payments.
Hope income taxes standard is same for indas and as
Live class on PF & ESI Enrollment & Returns Filing(with recording)