Interested to Buy Any Domain ? << Click Here >> for more details...
What is deferred Tax, deferred Assets & deferred liability
? What is the procedure to calculate?
- 3 Answers
- 11953 Views
- George Group, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / amit banerjee
Deferred tax liability arises if the value of the asset
after depreciation in books of accounts is MORE than the
value of asset where depreciation is done as per income tax
act.Reverse is thae case of deferred tax asset.
| Is This Answer Correct ? | 28 Yes | 6 No |
Answer / manish
Deferred Taxes arises due to temporary difference that
arises between profits under tax books and profits under
accounting books. They can either be as asset or a
liability.
A deferred tax asset arises when the tax paid as per tax
laws id more when compared to the tax charged in the books
of accounts. This is because the company would be able to
offset its future tax obligations since they have paid more
in the current period.
Vice versa a deferred tax liability arises when the tax
paid under the tax laws is lower when compared to the tax
charged in the accounting books. The company would be
having an obligations of paying more taxes in coming years
in this case.
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / 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 |
What is the purpose of a bank reconciliation statement?
Expand-------MUR
MAY I PREPARE TAX INVOICE FROM MFG UNIT TO RETAILER DIRECTLY?
what are all the books maintained in accounts for the purpose of excise?
20 Answers Alnkey Financial, mssl, Puneet, Videocon,
what are the different types of invoices?
Answered but misspelled pl correct A LIST OF ACCOUNTS IN WHICH TRANSACTIONS ARE POSTED ARE ____ ____ACCOUNTS(ANS.TRACH)
Expand U L I P
sales-140000 variable overheads-96000 gross profit-44000 fixed overheads-16000 net profit-28000 find out p.v.ratio and breakeven point
What is the difference between an Imprest and Non-imprest petty cash account?
what are the certificates needed at the time of SBI clerical interview?
0 Answers ICICI, State Bank Of India SBI,
Can i clarify, whether VAT & Service Tax are Proffit & Loss A/c items (or) Balance Sheet Items.
There is any new golden rule added with remain three? Why bank credited our all deposited?
Audit 
