TaxTMI 
TaxTMI 
Dear Sir,
Please tell us , what is defered tax ..?
how top calcualate it on which figer ?
please explane by a example....
regards
keshav.
Defered Tax
06 Nov 2011 
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Deferred tax arises from timing differences between accounting profit and taxable income, producing future tax liabilities or assets.
Deferred tax is recognised on timing differences between accounting income and taxable income that are capable of reversal, producing deferred tax assets or liabilities. Typical examples include depreciation differences between accounting and tax rules and expenses disallowed for tax now but allowable later. Permanent differences that cannot reverse do not generate deferred tax. Calculations generally multiply the timing difference by the applicable tax rate to determine the deferred tax position. (AI Summary)
Deferred tax is recognised on timing differences between accounting income and taxable income that are capable of reversal, producing deferred tax assets or liabilities. Typical examples include depreciation differences between accounting and tax rules and expenses disallowed for tax now but allowable later. Permanent differences that cannot reverse do not generate deferred tax. Calculations generally multiply the timing difference by the applicable tax rate to determine the deferred tax position. (AI Summary)