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Provision & Deferred tax calculation

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(Querist)
23 February 2010 Hello,

Please tell me how to calculate deferred tax (AS-22) and treatment for provision of expenses while there is diff. financial year of company and income tax.

What points should be consider while calculating defferd tax?
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CA Jaydeep Bhowal

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CA Jaydeep Bhowal (Expert)
23 February 2010 Hey Saurabh,go through AS-22.

Try to understand what is permanent difference and what is timing diff. And try to relate all type of diff. with tax liability of current year as well as with future year.....u will easily understand deffered tax...
Profile Image

CA Jaydeep Bhowal

Profile Image

CA Jaydeep Bhowal (Expert)
23 February 2010 Hey Saurabh,go through AS-22.

Try to understand what is permanent difference and what is timing diff. And try to relate all type of diff. with tax liability of current year as well as with future year.....u will easily understand deffered tax...
Profile Image

CA Jaydeep Bhowal

Profile Image

CA Jaydeep Bhowal (Expert)
23 February 2010 Hey Saurabh,go through AS-22.

Try to understand what is permanent difference and what is timing diff. And try to relate all type of diff. with tax liability of current year as well as with future year.....u will easily understand deffered tax...
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