Deferred capital asset
This query is : Resolved
19 December 2014
wat is d difference between capital asset and deffered capital asset...???
CA Kumar Mukesh
(Expert)
20 December 2014
Deferred capital asset means any expenditure in nature that benefit from such expenditure are accrued for more than one year. for example heavy advertised on new product.
Rupesh Jain
(Expert)
20 December 2014
capital assets: use for purchase of assets which use for long term period for business, production etc.
deffered capital assets: is tax amount which is reverse in future against the tax liability due to depreciation rate diff under income tax act and company act, like that many exp is allowed under income tax on payment basis.
deffered capital assets: is tax amount which is reverse in future against the tax liability due to depreciation rate diff under income tax act and company act, like that many exp is allowed under income tax on payment basis.
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