12-16-2010, 07:57 PM
Dear deferred taxation basicaly arise due to temprary differences in financial statements n statements prepared for taxation purposes now these temprary differences give rise to two types of differences 1 is called taxable temprary difference which eventualy leads 2 deferred tax liability n creates a liability to pay tax in future such type of tax is deductd in the income statements n the other type of difference is known as deductable temprary difference n which leads to deferred tax asset n which make us save tax in the future such type of tax is added in the income side of income statements .
I hope ur concepts might have got cleared abit as deferred taxation is a vast chapter one can not make the whole concept cleared in one go.
Regards.
I hope ur concepts might have got cleared abit as deferred taxation is a vast chapter one can not make the whole concept cleared in one go.
Regards.