what is mean by differed tax?
Answers were Sorted based on User's Feedback
Answer / om. maliya
deferred tax is difference between two depreciation
schedule one is according to companies act. and as per
Income tax act. and always charged in P & L Appropreciation
account and effect to computation of Income of a Company.
| Is This Answer Correct ? | 17 Yes | 3 No |
Answer / prasanna
By deferring taxes on the returns of an investment, the
investor benefits in two ways. The first benefit is tax-
free growth: instead of paying tax on the returns of an
investment, tax is paid only at a later date, leaving the
investment to grow unhindered. The second benefit of tax
deferral is that investments are usually made when a person
is earning higher income and is taxed at a higher tax rate.
Withdrawals are made from an investment account when a
person is earning little or no income and is taxed at a
lower rate.
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / deviyal
Deferred tax is tax impact during a financial year due to
timing difference.
| Is This Answer Correct ? | 2 Yes | 2 No |
on which amount have to issued form C ?, when cash discount is also given in the bill after CST amount as, Sales valve+CST - cash discount.
what is turnover? how can i comput it
Hi May i know i 2 avoid Income Tax.I am getting 1,20,000PA and a house rent of 5000PM,and profit from Agriculture Income of 80,000.Is agriculture Income taken into consideration.If so how 2 calculate further & how much will b the Income TaxI will b getting.
what is the use of 2a,2b & 2c form in cst
Which form we use for depositing CST
what are the setup required in p2p cycle as per India localization
On what amount of sale Excise Duty levied?
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
what is the treatment of minimum alternate tax, and it's calculation procedure
what is the rate of tax, when goos purchased from outside the state without way bill
AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT
if bank deduct the tds, it should show in p&l or balance sheet?