Deferred tax

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 August 2012 If deferred tax credited to profit and loss a/c then it will be deducted from net income for tax computation.(i.e. income from business or profession)

09 August 2012 Deferred Tax is neither deductible nor it is chrgeable for income tax.
Since it is tax on notional Income/expense.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 August 2012 if net profit is Rs. 7,00,000/-
deffered tax credited to p/l is Rs. 50,000/-

What will be business income?

10 August 2012 What do you mean by business income??
If you mean income from business & Profession then it will be same as Rs. 700000 subject to allowance/disallowance of some expenditure.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details