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Deferred Tax Assets & Liabilities

Finalist (manager) (219 Points)

20 September 2007

plz tell all that u know about d concept of deferred tax asset & liability. its treatment, etc....

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Late CA Sampat Jain (Chartered Accountant) (4772 Points)
Replied 20 September 2007

search , find and download following files at CAclub:

Total Records : 3 Displaying records from 1 to 3
Total Pages : 1

Deferred Tax Calculation-an easy way out
An easy way out for the complex calculation of DTA/DTL 1038 nikita
[ Scorecard : 1142]

Deferred tax as22
Deferred tax as22 747 Guest
[ Scorecard : 0]
AS 22 Deferred Tax Calculator in EXCEL
AS 22 Deferred Tax Calculator in EXCEL. any doubt give mail to purna623 @ gmail.com 99 PURNA CHANDRA RAO P
[ Scorecard : 880]

YOU MAY USE THE KEY WORD DEFERRED

1 Like

Miss Komal Mantri (Chartered Accountant ) (1974 Points)
Replied 20 September 2007

hello Piyush I think You shld first go through AS 22 then if you have any problem, let me know, i will solve it... Bye

Ravikumar.G (Consultant) (18525 Points)
Replied 21 September 2007

Deferred Tax Asset is not to be recognized in the books following the concept of prudence (Ex : Loss etc)

(Guest)

thanx komal...

Finalist (manager) (219 Points)
Replied 21 September 2007

thanku ravi, sampat & komal

Prakash Popat (3134 Points)
Replied 21 September 2007

DTA can be booked on the basis of Going concern concept and Reasonable Future Earning Capacity of firm.

(Guest)

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PlZ Send Me Deferred Tax Calculation

(Guest)

pl send me deffered tax calculation

(Guest)

what is deferred tax assets and liability and how it is calculated & its rate

Richa (Student) (37 Points)
Replied 24 November 2008

Query 1:Can an enterprise offset deferred tax asset and liability? is it a legally enforceable right in India?

i have gone thru a few annual reports lik reliance,infosys,etc. where they have shown d net amt in balance sheet..but my professor is of the opinion tht its not allowed India.. is that so?

Query2: my professor is of the opinion that difference depreciation always lead to a deferred tax liabilty? is it correct?

in case of motor car, i suppose, the depn is 40% in companies act and 15% in income tax Act. and assuming the enterprise has only motor car as a fixed asset. then deferred tax asset is possible. M i correct ?

i want to confirm tht i m correct before i present my opinion before him.

thanks.

Rajeev Sood (service) (37 Points)
Replied 07 August 2009

hi, there is a custom claim in the books and not sure if it will be realiseable , but to fight with customs and file claim theyw ant to see in balance sheet signed by Auditor that figure is shown. Party is not sure so does not want to pay tax on this deffered Income .

How can one show in Balnce sheet and not use for tax calculation , pls explain if anyone can help