How can Calculate Deferred Tax of Any Firm Like Pvt. Ltd.

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hi I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker. 2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ? Thank you in advance!

1718


Sir i want to ask that if the salary above 6500/- than also pf deduct.

1419


What is difference vat

1658


What Is Responsibility Accounting?

728


how to solve cashbook question

2868






Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.

1658


Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.

1462


What is accounting period?

634


EXPLAIN EACH SECTION PROVISIONS ON TDS?

1409


I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?

1607


1.recivable and payble 2.pf,tds,esi

1517


What is a business transaction in accounting?

640


What are the differences between contrast bookkeeping and accounting

626


Explain what knowledge should financial accountant have?

641


In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

1393