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What is deffered tax liability?
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Answer / amit kumar
deffered tax liablibilty is the liablility which arises due
to the timing diferrence between income ascetainment
between accounting as per books and accounting as per
income tax
further deferred tax liablity are those liablity which will
increase the future tax liablility.
a enterprise need to to be reasonable certain about the
fututre profit prospect before accounting deferred tax.
| Is This Answer Correct ? | 30 Yes | 6 No |
Answer / ssmk
An account on a company's balance sheet that is a result of
temporary differences between the company's accounting and
tax carrying values, the anticipated and enacted income tax
rate, and estimated taxes payable for the current year.
This liability may or may not be realized during any given
year, which makes the deferred status appropriate.
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / srd
If the accounting income is more than the Taxable income,
it means more Tax is payable.Hence,deferred tax liability
is to be created by debiting to the Profit & loss A/c.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / sejal
Deffered tax liablity is a tax liablility arises because of
differences in income as per books of accounts & as per
income tax act.
This difference arises bcz of main two reasons, permanent
difference & timing differences.
| Is This Answer Correct ? | 10 Yes | 11 No |
Answer / rajesh
defered tax liablity occurs when there is a underpays of
taxes due to the difference between the accounting on basis
of boks of asset and as per the income tax calaulation
further, the income tax liablities are not good because
these have value and increase the future liablities.
| Is This Answer Correct ? | 0 Yes | 2 No |
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