when Deferred Tax Asset & Deferred tax liability arises?

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Question Posted / karthikeyan

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when Deferred Tax Asset & Deferred tax liability arises?..

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

when Deferred Tax Asset & Deferred tax liability arises?..

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

when Deferred Tax Asset & Deferred tax liability arises?..

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

when Deferred Tax Asset & Deferred tax liability arises?..

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

when Deferred Tax Asset & Deferred tax liability arises?..

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

when Deferred Tax Asset & Deferred tax liability arises?..

Answer / sathishadm

what is the deferred tax? and which deferred tax
calcuclate types?

Is This Answer Correct ?

14 Yes

22 No

when Deferred Tax Asset & Deferred tax liability arises?..

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

when Deferred Tax Asset & Deferred tax liability arises?..

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

when Deferred Tax Asset & Deferred tax liability arises?..

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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