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when Deferred Tax Asset & Deferred tax liability arises?
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Answer / ashish khurana
Deferred tax means timing difference between the
companies act and income tax act.
Deferred tax liability arise when the It act Depreciation
higher or lesser than the companies act depreciation.
| Is This Answer Correct ? | 11 Yes | 9 No |
Answer / srinivas chode-avanti thai
Simply DTL/DTA is rate of depreciation is vary asper IT Act
and Asper Companies Act So the deffrence between these two
is called either DTL or DTA
DTL=Tax asper IT Act-Tax asper Companies Act
DTA=Tax asper Companies Act-Tax asper IT Act
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / srinath
Deferred tax liability arises on timing differences between
the IT act and Co. act, on Depreciation , Normally IT act
depreciation is more , compared to CO,act, Since rates in IT
act are HIGH, and also Deferred tax asset on Unabsorbed
business loss will come, because in next years that loss we
can adjust with the profit from the business
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / n k bapna
When tax payable is as per income tax act ,then why to
create a pool of tax under head deferred tax liability ? Why
not to pay tax as per Income Tax act and appropriate the
difference so arises due to calculation of tax as per
company's act (whether credit or debit ) in profit and Loss
account.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / david
Cabn anyone advice me when last year deferred tax liability
is there and in the current year,deferred tax asset has
arisen?? can we setoff dtl against dta?? what is the
accounting treatment to do so??
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sathishadm
what is the deferred tax? and which deferred tax
calcuclate types?
| Is This Answer Correct ? | 14 Yes | 22 No |
Answer / naveen kumar
As we went through the IT depreciation chart and came to
know that depreciation is charged on intangible assets only
under IT Act.
So let me update towards deffered tax liablity computation.
If we compute DTL to add deprection charged on intangible
assets then it will increase.
Please anyone suggest me.
| Is This Answer Correct ? | 15 Yes | 28 No |
Answer / vishu
Deffered Tax liability arises when you pay less Tax than
actual, knowingly or unknowingly and vice versa.
| Is This Answer Correct ? | 28 Yes | 46 No |
Answer / ruchika
I dont understand then what is the point of caluating TI if
i am trying to match it with FI ??? why not calculate tax
on FI only then and get away with all the trouble ?/
| Is This Answer Correct ? | 39 Yes | 64 No |
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