hi frndz
what is deferred tax and how it is calculated
pl help me
thnx to all for helping others.
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hi what is it
Replies (1)
deferred tax is calculated as per AS 22- Deferred taxes. It is the amount of tax that u actually pay under income tax act and the calculated amount under companies act. It is calculated only on timing differences. For full calculations definitions and calculations kindly refer to AS 22 issued by ICAI
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