Creation of deffered tax asset & deffered tax liability.
This query is : Resolved
14 November 2013
Deffered tax asset & liability are created for future.So whether Deffered tax asset and liability created at future tax rate or current year tax rate??
CA Parul Saxena
(Expert)
14 November 2013
These are created as per current year tax rate
Nikhil Kaushik
(Expert)
14 November 2013
Sweta, one more thing. How will you estimate/predict future tax rates???
15 November 2013
In C.A. Examination in sum they have given future tax rate also so at that time deffered tax asset and liability created at future tax rate??.In practical I can understand that future tax rate can not be estimated realiably
Nikhil Kaushik
(Expert)
15 November 2013
oh the mind games. ICAI got nothing else to do. Anyways, as Parul suggested, use the current year's tax rates and study well.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
