Please Help: TAX
Posted Date : 03-Aug-2012 , 05:41:19 pm | Posted By: PRAKASH KUMAR SINGH
Category :
Income Tax | Answers :
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WHAT DO WE MEAN BY DEFFERED TAX? |
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Answers:
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 Answer by: Vikash Kumar Jha |
| The difference between the tax expenses which is calculated on accural basis and current tax liabilities to be paid for particular period as per Income Tax Act is colled deferred tax
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| Answer by: Rambabu Senkarasetti |
| Deferred tax is an accounting concept (also known as future income taxes), meaning a future tax liability or asset, resulting from temporary differences or timing differences between the accounting value of assets and liabilities and their value for tax purposes.
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