Please Help: About Deffered Tax liability
Posted Date : 23-Aug-2011 , 02:51:01 pm | Posted By CASANSAAR
What is deffered tax.??what its accounting treatment.?? And also i wan to know that,it may be possible not to consider tha same in books.
Category : Students | Answers : 1 | Comments : 2 | Hits : 410
Answers
Answer By: Anjali Arora
As per AS 22 you have to make treatment in books.
Comments
Ashish Karundia
23-Aug-2011 , 05:47:34 pmYou can refer AS-22 - 'Accounting for Taxes on Income' issued by ICAI for understanding the concept of Deferred Tax. The accounting treatment is also mentioned therein.
CA SUBHASH KR.
24-Aug-2011 , 11:23:26 amAccording to AS-22 'Accounting for Taxes on Income', Deffered Tax Assets/Liabilities would be provided on account of timing difference.