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 )
- 2 Answers
- 4874 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / 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 |
1000 unit one into process at cost 100000. loss at 10% of input is considered normal, which is realisable at rs 1/unit.the actual prodution is 920 unit , find the abnormal gain?
What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
34 Answers ABC, Defence Accounts Department, New Trends, Unique Software Systems,
what is the working capital
What are the new threshold limits put in the parliment under New tax code recently for Men, Women and Senior Citizens
1. while making invoice of import ups then dealer charge the service tax then it is included in the bill or not. 2.Or we make to separte invoice for service charges.
what is meant by dearness allowance?
What is meaning of Advance Tax? How we will calculate? What is the %? Which form available for this? What is the penalty?
input vat and out put vat how it shows in profit and loss account
Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??
while deducting tds on salary, the amount deducted in the previous month is payable on 7th of the succeeding month to whom?
what is caluculate PF what is fill the rates in the challan
If a contractor received the service tax amount from client and he also purchase the machinary which is used in construction, than can he adjusted of service tax amount to excise duty amount of machinary?
Audit 
