Interested to Buy Any Domain ? << Click Here >> for more details...
What is deferred Tax, deferred Assets & deferred liability
? What is the procedure to calculate?
- 3 Answers
- 12157 Views
- George Group, I also Faced
- E-Mail Answers
Answer Posted / manish
Deferred Taxes arises due to temporary difference that
arises between profits under tax books and profits under
accounting books. They can either be as asset or a
liability.
A deferred tax asset arises when the tax paid as per tax
laws id more when compared to the tax charged in the books
of accounts. This is because the company would be able to
offset its future tax obligations since they have paid more
in the current period.
Vice versa a deferred tax liability arises when the tax
paid under the tax laws is lower when compared to the tax
charged in the accounting books. The company would be
having an obligations of paying more taxes in coming years
in this case.
| Is This Answer Correct ? | 17 Yes | 2 No |
Post New Answer View All Answers
DESCIBE EXPORT PROCEDURE
What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"
Can i make invoice when my client apply for TIN Number ?
Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?
what are the rules and regulations of junior accountant
In case of new admission of partner what will be the adjustment for the sharing ratios
what are valuation accounts?
What is the analytical way of accounting?
How can a company reduce profit
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
what is organic profit? and how it is calculated?
what happens to each of the three primary financial statements when gross margin decreases?
