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Deferred tax

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86 Points Posted on 21 August 2019
Should I create deferred tax for amortisation of lease hold land?
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On 21 August 2019 at 22:51 Report
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17264 Points Posted on 21 August 2019
Didn't follow your query.
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On 21 August 2019 at 23:05
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86 Points Posted on 22 August 2019
co.has taken land for lease and it is amortised based on the lease period in the accounting books.What is the impact of this as per income tax act and if yes is there any need to create deferred tax ?
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On 22 August 2019 at 09:31
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17264 Points Posted on 22 August 2019
Over a period of lease period you have to amortize proportionately every year and show in P&L
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On 22 August 2019 at 11:30


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