Deferd tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2011 Dear sir,

Will u please tell me what is deferd tax, how it is calculated and what is its accounts entries.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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10 December 2011 Deferred tax is an accounting concept (also known as future income taxes), meaning a future tax liability or asset, resulting from temporary differences or timing differences between the accounting value of assets and liabilities and their value for tax purposes.

FOR MORE INFO:

https://www.caclubindia.com/experts/calculation-and-recongnition-of-deferred-tax-assets-and-lia--768565.asp

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