banner_ad

Accounting path

Others 213 views 5 replies
User Avatar

3145 Points Posted on 10 May 2022
what is mean by deferred tax liability and deferred tax assets? give some clear explanation
0 Reply Share Follow
On 10 May 2022 at 07:58 Report
Replies (5)
User Avatar

CFO- at NHTF
58280 Points Posted on 10 May 2022
Deferred Tax Araise due to time difference between accounting income and Taxable Income.

Example depreciation rates are different in companies act and income tax act .

Few expenses in income tax allowed only on payment of Tds where as in accounts expenses without tds also considered
1 Reply
On 10 May 2022 at 08:16
User Avatar

3145 Points Posted on 10 May 2022
Deferred tax assets means?
Reply
On 10 May 2022 at 08:18
User Avatar

CFO- at NHTF
58280 Points Posted on 10 May 2022
Time differences which reduces the taxable income can cause differed tax asset.

Timing difference*31.2% = Differed Tax
Reply
On 10 May 2022 at 08:21
User Avatar

3145 Points Posted on 10 May 2022
Deferred tax liability is a payable in future and deferred tax assets is a advance paying for future credits ? IAM I correct
Reply
On 10 May 2022 at 08:38
User Avatar

CFO- at NHTF
58280 Points Posted on 10 May 2022
Balance sheet may reflect a deferred tax asset if it has prepaid its taxes.

So tax will be less in the future to this extent
1 Reply
On 10 May 2022 at 08:43


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details