Deferred tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2012
what is meant by deferred tax?and related points regarding this in different areas
19 July 2012
The income as per Books and as calculated for Income tax may not be same.
The difference b/w these are of two type
Timing difference - Exp / Income allowed today but disallowed later.
Permanent difference - Exp disallowed today never be allowed.
Timing difference is consider for calculating DTA/DTL
Disallowed today and Allowed later will creat DTA.
Allowed today but disallowed later will Create DTL
Calculation of DTL = Amt allowed today*Tax rate of future
Calculation of DTA = Amt disallowed today*Tax rat for future.
The difference b/w these are of two type
Timing difference - Exp / Income allowed today but disallowed later.
Permanent difference - Exp disallowed today never be allowed.
Timing difference is consider for calculating DTA/DTL
Disallowed today and Allowed later will creat DTA.
Allowed today but disallowed later will Create DTL
Calculation of DTL = Amt allowed today*Tax rate of future
Calculation of DTA = Amt disallowed today*Tax rat for future.
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