Regarding tds
This query is : Resolved
Arvind Maurya
(Querist)
11 October 2013
want to know what is the deffer tax Liability and how its calculate?
CMA Ramesh Krishnan
(Expert)
11 October 2013
deferred tax liability has to be calculated as per AS-22. calculation sample files are available in files section
CA Pallav Singhania
(Expert)
11 October 2013
Because there are differences between what a company can deduct for tax and accounting purposes, there will be a difference between a company's taxable income and income before tax.
A deferred tax liability records the fact that the company will, in the future, pay more income tax because of a transaction that took place during the current period, such as an installment sale receivable.
Go thu this article by Vignesh Killur..
https://www.caclubindia.com/articles/meaning-of-deferred-tax-liability-asset-in-simple-words-13385.asp
regards,
A deferred tax liability records the fact that the company will, in the future, pay more income tax because of a transaction that took place during the current period, such as an installment sale receivable.
Go thu this article by Vignesh Killur..
https://www.caclubindia.com/articles/meaning-of-deferred-tax-liability-asset-in-simple-words-13385.asp
regards,
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