What is deferred Tax, deferred Assets & deferred liability
? What is the procedure to calculate?

Answer Posted / anupama

defered tax means temporary differences b\w the amounts as
per account books and as per tax books arises defered tax

defered tax assets means if the amount as per account books
less than as per tax books that is called defered tax assets

defered tax liabilities means if the amounts as per account
books is more than the tax books is called defered tax
liabilities.

Is This Answer Correct ?    15 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?

1643


What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?

1789


Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it

1454


The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed

1734


what is mean by T and E cosept

1590






can u let me know how the bankers calculate interest on O.D.account

1498


Short Answer on _____________Accident Insurance

1341


joint venture?

1770


give me only one transactions in both side (debit&credit) should be in real accounts

1735


CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

1024


Who will be called as consignee

1617


what is leverage n detail and tpoes of leverage with iagram?

1723


What do you mean by Green-shoe option?

1616


what is purchase consideration?

1688


Define capital

2605