Deferred tax liability
This query is : Resolved
13 September 2011
DEAR SIR,
WHAT IS DEFERRED TAX LIABILITY AND HOW WE CAN CALCULATE IT.
WHAT IS DEFERRED TAX LIABILITY AND HOW WE CAN CALCULATE IT.
13 September 2011
Deferred tax liability arises when u r deferring ur tax liability by claiming more expenditure as per tax for eg., 100% depreciation.Deferred tax liability has to be created for tax liabilty which we have deferred to future.
13 September 2011
please refer AS - 22 Accounting for Taxes
13 September 2011
Diff. bet. dep. calculated as per income tax act and Companies Act.
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