https://www.taxtmi.com/forum/issue?id=3537 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. en-us Sun, 06 Nov 2011 18:47:38 +0530 Thu, 23 Jan 2025 15:58:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3537 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. Discussion-Forum Income Tax Sun, 06 Nov 2011 18:47:38 +0530 https://www.taxtmi.com/forum/issue?id=3537