banner_ad

Deferred taxes

Tax queries 261 views 2 replies

Hi,

 

If current tax is 10000 and

deferred tax expense/liability is 5000 (arose from new PPE)

company has policy to clear taxes in the current year.

 

what is the amount paid?
10000

or

15000?

Txs

 

Replies (2)
Current tax in the sense, I assumed it was as a Income tax payable as per IT act you have to pay 10000, and tax as per books 5000, difference 5000 is an deferred tax asset, if tax payable as per books 15000, diff 5000 is deferred tax liability. I hope u understand

I am preparing final statements. This means as per the book way correct


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details