What is Mean By Defered Tax, How To Calculate?
- 2 Answers
- 5047 Views
- TCS, I also Faced
- E-Mail Answers
Answer Posted / mohammed alfan (calicut)
Deferred tax assets represent taxes that have been paid (or
often the carryforward of losses) but which have not yet
flowed through the income statement. A deferred tax
liability represents tax payments that have appeared on the
income statement but not yet been paid. They usually arise
when accounting standards and tax authorities recognize the
timing of taxes due at different times. For example, when a
company uses accelerated depreciation when reporting to the
tax authority (to increase expense and lower tax payments
in the early years) but uses the straight-line method on
the financial statements.
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
plzzzzzz help me friend my question is, is the tds of part of income tax and when it deduct from salary and why becose tds is deduct only secoundry primary income like lotory etc..
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
IF WE ARE WORKING IN PHARMA COMPANY & I SEND THE MEDICINE SAMPLE TO THE SALSMAN IN VARIOUS PLASE OF INDIA THAT TIME MADE INVOICE OR ANY OTHER CHALLN OR RECIEPT WHAT AS PER LAW ANY TAX APPLIED IN THE INVOICE & WHICH FORM WILL BE REQUIRED HOW TO GET IT, PLEASE GIVE ME DETAIL ALL INFORMATION WITH EXAMPLE & WHAT ENTEY OF THIS TRANSATION IN BOOKS OF ACCOUNT
please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You
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!
Our business is an international call center. we are selling antivirus which is buying rs 200 & selling Rs 4500.what will be the purchase & sales.& what will be taxation processor to calculate tax
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
How calculate Rent income exemptions from taxable income under income tax act.isnn't 30% of total income???? plz explain with example?
HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX
WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?
HOW TO FILE RETURN- SALARIED PERSON GETTING SALARY 6 MONTH FROM ONE & 6 MONTH ANOTHER COMPANY
A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
WHAT IS THE PROVISION OF INCOME TAX, SELF ASSESSMENT TAX AFTER AUDITING GIVE THE EXAMPLE WITH ENTERY
