In Computing Income whether Deffered Tax Arise. for example i am booking expense in books by following Accounting Standard
but while calculating income as per income tax by following ICDS. whether deffered tax arise or not
Menu
Icds
Replies (2)
Deferred tax asset or liability arises when there is a difference in accounting income and taxable income. Hence , it may arise if there are certain expenses/incomes in your books whose treatment is different in AS and ICDS.
Deferred tax asset or liability arises when there is a timing difference in accounting income and taxable income. Hence , it may arise if there are certain expenses/incomes in your books whose treatment is different in AS and ICDS.
Recent Topic
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
Related Topics
CAclubindia
