Deferred tax liablity
This query is : Resolved
16 April 2014
Dear All,
Please explain what is deferred tax liability with eg.
Please explain what is deferred tax liability with eg.
16 April 2014
please refer https://www.caclubindia.com/articles/meaning-of-deferred-tax-liability-asset-in-simple-words-13385.asp#.U04g_6Ia28A
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17 April 2014
If difference between accounting income as per companies act and taxable income as per income tax act is timing difference then such difference shall create deferred tax asset or deferred tax liability.
Examples of deferred tax liabilities:
(1) In income tax more depreciation is allowed as compared with accounting depreciation
(2) Income is disallowed and such income is cause of timing difference
Examples of deferred tax liabilities:
(1) In income tax more depreciation is allowed as compared with accounting depreciation
(2) Income is disallowed and such income is cause of timing difference
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