what is deferred tax?, what is operating Expenses and incomes?, what is the difference between subsidary and holding company?
The Basic advantages of AS are as follows. – Uniformity in the financial statements of all concerns. – Leads to Better presentation of financial statements. – Easy to make a comparitive sutdy of any two business organisations. Differed Tax: AS per AS 22, Differ Tax is the differnce between tax payable as per Book profit and tax payable as per tax laws. Differ tax araises only becasue of timing difference on Current account Transactions.Like Deprecialtion. Differed tax may be differ tax asset or differ tax liability.
Related Questions
- what is deferred tax?, what is operating Expenses and incomes?, what is the difference between subsidary and holding company?
- What type of tax is used by Congress and the federal government to pay for operating expenses?
- Is Centerline Holding Company’s tax-exempt income subject to the Alternative Minimum Tax ("AMT")?
