Deffered tax query
This query is : Resolved
30 December 2009
Hello
As per AS-22 Temporary Difference e.g. Dep. is adjusted to Deferred tax, P &L & Bal Sheet, But what about Permenant Diff.Eg. Donation u/s 80G,how to adjust it
As per AS-22 Temporary Difference e.g. Dep. is adjusted to Deferred tax, P &L & Bal Sheet, But what about Permenant Diff.Eg. Donation u/s 80G,how to adjust it
Bimal Thacker
(Expert)
30 December 2009
Dear friend as per AS 22 it is timing difference and not temporary difference, Provision for deferred tax relats Only for expenses which are allowable in different year (timing difference)in income tax as compared to charged in books of accounts and not for permanant difference.
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