Deferred tax calcutaion
This query is : Resolved
08 May 2009
if deferred tax is applicable when the company is in loss ?
08 May 2009
Deferred Tax refers to Tax implications arising from the Timing differences.
Deferred Tax is applicable even if the company is in Loss. The loss that is calculated by the company may not be allowed as per the Income Tax Act. Hence, it is necessary to calculate the deferred tax, if any arising from the timing differences.
Deferred Tax is applicable even if the company is in Loss. The loss that is calculated by the company may not be allowed as per the Income Tax Act. Hence, it is necessary to calculate the deferred tax, if any arising from the timing differences.
09 May 2009
Yes, it is well explained by Vipul
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