explain the defered tax liability or assets
This query is : Resolved
24 September 2008
Hi!
plz explain by example to deferred tax liability or assets.
thanks
Mohit
plz explain by example to deferred tax liability or assets.
thanks
Mohit
24 September 2008
When there is an accelerated availing of tax benefit as compared to the book results, DTL results.
Example: When the depreciation as per IT Act is more than depreciation charged in books.
When there is an eligibilty to claim a loss but the allowability is post poned DTA accrues.
Example: Payment under voluntary retirement, fully charged in books, but allowed in five instalments by IT.
Example: When the depreciation as per IT Act is more than depreciation charged in books.
When there is an eligibilty to claim a loss but the allowability is post poned DTA accrues.
Example: Payment under voluntary retirement, fully charged in books, but allowed in five instalments by IT.
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