How can Calculate Deferred Tax of Any Firm Like Pvt. Ltd.
Answers were Sorted based on User's Feedback
Answer / r.chandrasekaran
Deferred Tax liability is only a provision in the balance sheet, which will be calculated on the difference amount of the WDV of Fixed Assets as per Companies Act and as per Income Tax Act at the end of each financial year.
Is This Answer Correct ? | 6 Yes | 2 No |
Defered tax Asset/iability will be arise only when there is any differences between as per companies act and as per income tax act .
Mostly we use deffered tax in our daily life for most of the pvt companies it arises only in depreciation cases , where as per IT and CO. rates are different , so deffered tax Asset/ liability arises .
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / laksh
The deferred tax different between accounting income and tax income
It may be deferred liability or deffered asset.
example: abc company account income 2500,incometax 2800,
300 is the deferred liablity
same follow the deferred asset
Is This Answer Correct ? | 2 Yes | 1 No |
Pls.tell me related purchase orders.
What is Bill of Exchange.
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
Why do we transfer all indirect exp. in P&L A/c by journal Entries in Tally.
Tell me whether the account “cash” will be credited or debited, when a company pays a bill?
please tell me the 'R2R' interview questions and answers ?
1 Answers Accenture, Dr Reddys,
Explain me the difference between accounting and auditing?
I HAVE DEPOSITED SERVICE TAX AMOUNT IN WRONG HEAD CATAGORY i.e IN BUSINESS AUXILEARY HEAD BUT DUE TO OVER SIGHT IT HAS BEEN DEPOSTED THROUGH E PAYMEBT IN TRANSPORTATION OF GOODS BY ROAD KINDLY SUGGEST WHETHER IT CUOULD BE RECTIFIED FROM SERVICE TAX DEPTT. OR BY ANOTHER WAY AND WHAT IS THAT ? PLEASE ALSO CONFIRM WHETHER WE HAVE TO RE DEPOSIT THE AMOUNT OR MAY BE ADJUSTED IN CORRECT HEAD
My company has taken a car Full payment car cheq throw after loan from ICICI Bank, Assume . Plz pass the entry umesh
what differance Between Capital reserv and reserve capital?
4 Answers Dharampal Satyapal Limited, Genpact,
Tell me do you have any idea about service tax or excise?
What is bills in accounts.