respected members,
i am facing a dilemma here.
I have no know ledge about deferred tax liability & assets about its calculation & disclosure requirements in balance sheet as well as for any other report purpose. Please also explain about MAT Credit, & unabsorbed depreciation in income tax & its relation with deffred tax calculations.
SO please help me in this matter with depth knowledge & also explain me with examples.
differed tax will be calculated on the differences in allowances calculated as per income tax and company act at the rate of 30% ...when income tax provides more deduction than calculation made as per companies act then it will be DEFFERED TAX LIABILITY. and DEFFERED TAX ASSET in other case..
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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