Answer / harrie007

Deffered Tax basically arises due to Timing difference.
DTL arises when we have made more provision of Tax as per
Co.s Act, 1956 than the actual Tax liability as per Income
Tax act, 1961. i.e. due to some expenditure like
Depreciation, amortised expenditure which are not allowed
or less allowed as per Co.s Act but on the same time fully
allowed or allowed at a higher rate as per Income tax Act,
due to the same profits as per co.s act gets more than that
of income tax act and accordingly more provision is made
but the lesser tax is paid. In layman terms we can say that
we have to pay this tax after some time i.e it is our
liability and its called Deffered Tax Liability.

Answer / pawanlodh

defferred tax liability arises due to postponing the tax
liability for a financial year, due to increasing ur
depreciation & amortised expenses in the year, profit
become less than actual bcoz of this less tax to be paid by
assessee, it postpone tax payable to next year & further
years.

Answer / rajnath maurya

Deffered Tax basically arises due to Timing difference.
DTL arises when we have made more provision of Tax as per
Co.s Act, 1956 than the actual Tax liability as per Income
Tax act, 1961. i.e. due to some expenditure like
Depreciation, amortised expenditure which are not allowed
or less allowed as per Co.s Act but on the same time fully
allowed or allowed at a higher rate as per Income tax Act,
due to the same profits as per co.s act as a result profit
becoms short in the eye of it low, as such we can say we
have to pay our taxes by some time after

IN HOTEL NET SALE AMOUNT IS Rs.1000. on that service tax amount @12.36 is Rs.124 then my question is while caluculation of vat both net sales and service tax is to be taken or not

2 Answers   TATA, TFSL,

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WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY

0 Answers  

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what is service tax ? due date for pymt ? return forms ? how input credit taken ?

5 Answers   GH,

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What is the different types of rates of TDS for different Catogaries of services.

2 Answers   GVR,

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what is SLR

4 Answers   Banking,

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My client has not filled income tax return for ay-2013-14

0 Answers  

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i received annual inncentive received with deduction of TDS from My suplier. Total amount 100000/- Inncentive.Rs.90000/- Tds Rs.10000/- how to take entry in my books.

6 Answers  

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If there is differance in value written on the road permit (along with transfer invoice) and the tax invoice (which is generated after dispatch of material)for inter state sale (specially uttarakhand)which value to be consider for C form?

2 Answers   ABC,

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what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent

0 Answers   Chartered Accountant,

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What is Labour Cess? Pl. define. & what is rate of Labour cess.

0 Answers   Afcons, PWC,

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A company given a party in order promote the company to its customer in a hotel then hotel provide some food & services to the customers of the company. should TDS deducted on payment made to hotel's bill? if payment is near about 35000/-.

2 Answers   Goldman Sachs,

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when to apply tds

4 Answers  

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