Deferd tax


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Querist : Anonymous

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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.

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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