Deferred tax liability

Dear frnds

I want to know if expenses disallowed under IT Act like additional income tax demand and interest on tax requires calculation of deferred tax asset . Pls reply soon

Urgent to know 

Thanks in advance. 

 

Replies (3)

the expenses mentioned by you does not need any Deffered tax asset or liability

Only those expenses need this provision which causes timing difference (i.e the exp. which have occured today in our financial accounts and tomorrow it will occur in our Accounts maintained as per income tax act ) 

But the expenses such as interest on tax and penalty , demand etc. creates permanent differences hence no provisioning is required i.e which are permanently disallowed

 

Regards

Tushar

expesnses disallwoed is never going to be allowed    which creat permanet difference so there is  deffered tax libility

regard

 

rajesh

In the above  I  skiped no so now  I clarify  that in case of permanet difference  ther e is no defferd tax liability

 

Regard

Rajesh

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details