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Tax queries 697 views 2 replies
HI, CAN YOU EXPLAIN THE TERM OF DEFFERED TAX ASSEST & LIABILITY. ST 38 INWARD & ST 38 OUTWARD. THANKS
Replies (2)
Originally posted by :INDERJEET
" HI,
CAN YOU EXPLAIN THE TERM OF DEFFERED TAX ASSEST & LIABILITY.
ST 38 INWARD & ST 38 OUTWARD.


THANKS
"


 

deffered tax is the difference occurred on account of difference between the accounting income and taxable income , its like a BRS, as co pays taxes undet incometax law and keeps books as per the co act so the difference arises

 


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