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
WHAT IS THE PROVISION FOR NET PROFIT & LOSS IN PVT LTD CO & LTD CO GIVE ME THE EXAMPLE WITH ENTERY ON MY EMAIL sonidilip87@yahoo.com
what is cenvet credit in vat.
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
How do I get a C form with the bank Guarantee?
1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.
What is meant by Cost of Improvement?
what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this
ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return
over all details about tax what is mean by headge fund and detail explanation?
meaning of accessory for central excise purpose
Can u provided all the dues date and depositing date which are used in general manner or Income tax..
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
When and how Wct is applicable on Labour Job Work and what is the percentage?
Is there any change in the section 80E for the financial year 2009-10
What is the Procedure of Import & Export