Defferred tax liability
Jayakrishna (Student) (132 Points)
18 December 2015Jayakrishna (Student) (132 Points)
18 December 2015
SHINY
(CA Final Student)
(699 Points)
Replied 18 December 2015
It means when the Tax calculated as per IT LAW is less than the Tax calculated as per Books of Accounts that a Company creates the provision for Deferred Tax Liability which ll be paid in the years to come(When tax as per Books of Accounts ll be more than the tax as per IT LAW that Deferred tax Liability ll keep on reducing year by year & finally become Nil)as per AS-22.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"