Interested to Buy Any Domain ? << Click Here >> for more details...
What is deffered tax liability?
- 5 Answers
- 12290 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
what is tds and what is what is the current rate of tds on payment of contract and payment of professional charges
Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?
Is wct charged on firm or proprietors ?
WHEN I 1ST TIME VAT E-RETURN FILLING WHAT IS THE REQUIREMENT & HOW FOOL FILL THE REQUIRMENT , HOW I GET C FORM THROW VAT E-RETURN FILLING FOR THIS WHAT STEPS NEED FOR ANY REGESTRATION TO GET ID & PASSWORD IF ELSE , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
current sales tax rate of company in India.
Parties from where we can deduct TDS in a manufacturing company?
Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.
What is the WCT percentage under which the amount is being deducted in Punjab. Under what Notification and dated when???????????. Serious Senor I need the answer other wise I would not have posed this question; Please send the answer to the mail address.
i want to purchase a machinary for company use, i want to purchase it from other state is c form applicable for that
3 Answers Advanced Bolting Solutions,
Start a service related company?
Can we take input tax credit on purchasing of table and trolley for business.....
Who will be authorized to collect Luxury Tax ? Is ther any form of returns for luxury tax? Bar & Restaurants are charging Luxury Tax @10%, is there any accountability for collection of luxury tax.
Audit 
