Under what circumstances Deferred Tax Liability or Deferred
Tax Assets entries to be passed ? or what is the advantage
by passing the above entries ? How the above entries to be
nullified / reversed ( with examples please )
Answer Posted / rajesh
deferred tax liability passed when company calculated
depreciation as per company act. and income tax calculated
as per income tax act. this difference called D.T.L.
Advantage this is safe area to show high profit.
Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
Who is to paid income tax and what is the procedure of filling income tax return?
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
how to modify 12% to 13.5% in tallyerp9 release 1.6
treatment of Service tax and TDS
what is the prime cost? and factory cost how to calculate it?
Explain long term capital gains and how is it different from short term capital gains?
what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment
IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.
What is the difference between Indian and us taxation
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
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?
How to calculate the TDS
What is Labour Cess? Pl. define. & what is rate of Labour cess.
what diff. between Account ,Commerce and Finance?