Please Help: About Deffered Tax liability
Posted Date : 23-Aug-2011 , 02:51:01 pm | Posted By:
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Students | Answers :
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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. |
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 Answer by: Anjali Arora |
| As per AS 22 you have to make treatment in books.
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| Posted By : CA SUBHASH KR. |
24-Aug-2011, 11:23:26 |
| According to AS-22 'Accounting for Taxes on Income', Deffered Tax Assets/Liabilities would be provided on account of timing difference. |
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| Posted By : Ashish Karundia |
23-Aug-2011, 05:47:34 |
| You 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. |
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