can some one pls explain briefly about 'Differed Tax'?
- 2 Answers
- 5453 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kalyani
Deferred tax is an accounting term, meaning future tax
liability or asset, resulting from temporary differences
between book (accounting) value of assets and liabilities,
and their tax value. This arises due to differences between
accounting for shareholders and tax accounting.
Tax deferral may also refer to incentives provided that
allow a taxpayer (an individual or a company) to defer or
delay payment of taxes to future years.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / praveenkumarmakam
This arises due to timeing differences between taxable
income and profit as per the books
in this permanent difference should be ignored
the temporary difference (i.e timing difference) considered
as deffered tax asset or liability
| Is This Answer Correct ? | 2 Yes | 0 No |
What are the exemptions from salary
10 Answers Influx Info Solutions,
WHICH CACULATION NEED FOR EXCISE DUTY FILLING & RETURN SUBITTED TO GOVERMENT?
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
If any new form open than we are able to deduct TDS on first year
what is the entry tax explain briefly?
All Tax Experts We are manufacture assesses registered with the excise department or our office and works area are commercial on rent basis and lease holders charge service tax on rent or raise the invoice on same premises address can we taken credit of service tax, on input services and utilized in Cenvat Credit with Excise pls. Explain me.
what is the meaning of provision for taxation
pls help me make a full salary with all deduction like PF, ESI, HRA, Basic, conveyance etc with full rates% supose my salary is CTC 10660/- & give me full form of CTC
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
we working a partnership firm, so how fill up tds form in company decteed or non company dectee
When VAT 14.5% is applicable and when Work contract tax 4% is applicable? Is both are same?
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
Audit 
