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AS 22
Accountancy
Sudharsan: Dear sir, My doubt is how the (1) question is deferred tax liability Income tax depn is less than a/cing depn so, pay now save later then it must be deferred tax asset only But they tell it is a dtl Depn low as per tax records = profits more = tax pay high= Save in future =so DTA According to my thought, but i didn't know whether it is correct
Answers (3)
Yoga Vishnu
Your analysis is correct. But, they are not saying it as deferred tax liability. It is "Reversal of deferred tax liability." Which means liability got reversed.
Sir but they told something like depn as per IT act using wdv high at initial years and low at later years, what is meant by that? , its confusing sir
Thread Starter
Suriya MSir but they told something like depn as per IT act using wdv high at initial years and low at later years, what is meant by that? , its confusing sir
https://youtu.be/WMJWDyKp3X0 Please watch the above video to understand it better
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