What is Deferred Tax asset & liabilities & How to Calculate deferred Tax| Deferred tax - Concept

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This video is fifth video of Balance Sheet. In this video we will learn about deferred tax. What is deferred tax | what is deferred tax asset | what is deferred tax liabilities | How to calculate deferred tax | How to calculate deferred tax liabilities | Deferred Tax Concept | Deferred tax in hindi | Deferred tax calculation
What is deferred Tax ?
Deferred Tax means Prepaid Tax or Balance Tax .
Companies maintain books as per company law but paid tax according to Income tax law. The Companies calculate our profit as per company law as well as Income tax. Some differences that arise due to application of different provisions of law. These temporary differences are accounted for, recognized and carried forward in the books of accounts and accordingly Deferred tax asset A/C and Deferred tax liability A/C are created.
Deferred Tax Asset (DTA) and Deferred Tax Liability (DTL) में क्या Difference है
When profits as per tax laws is more than profits as per books of accounts
When profits as per tax laws is less than profits as per books of accounts
Deferred Tax Entry in Books
Deferred Tax Asset journal entry
Deferred Tax Asset A/C……. Dr
To Profit & Loss A/C……….
Deferred Tax liability journal entry
Profit & Loss A/C ……. Dr
To Deferred Tax Liability A/C…...
Where is show Deferred Tax Asset & Deferred Tax Liabilities in Balance Sheet
Deferred Tax Asset shown under the head of Non- Current Assets in the Balance Sheet.
Deferred Tax Liabilities shown under the head of Non- Current Liability in the Balance Sheet.
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Tally Course |Tally Tutorial : • Tally Course | Tally T...
Income Tax : • Income Tax
ROC | Company Compliance : • Company ACT | ROC
GST : • GST
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#Deferredtax
#deferredtaxasset
#deferredtaxliabilities
#dta
#dtl

[@pramathnath1209]

Bahut hi aasaan bhasha me smjhaya h , itna complex concept

[@kailasshinde1271]

Very valuable information in short time👌👌👍

[@pavanandhariya2722]

thank you sir, God bless you

[@UnfilteredRishu]

Bahut accha samjhaya aapne thanks a lot

[@roshanjaiswal5787]

Good content sir. Explore like it ❤

[@shrikantpise8436]

Thanks Sir

[@parveshkumar1441]

Great content.
Make more videos on topics that covers in practical accounts profile

[@a2zAccountingSchool]

Sure

[@SmileHacker_StayHappy]

Amazing Sir Thanks

[@a2zAccountingSchool]

Most welcome

[@dancdeewane]

Very Helpful this

[@dekondadayanand555]

Thanks sir, goog explanation

[@Vsingh_03]

Thank you

[@DharmendraSharma-gx2vb]

Thank you sir, good communication

[@a2zAccountingSchool]

Always welcome

[@rahulprasad3929]

Thanks bhaiya......for valuable knowledge

[@satishchander2833]

Uncle h vo

[@jainshivi921]

Thank you sir 💐💐
It is really helpful 😊😊

[@udaykumarvaUmi]

Nice explanation 👌

[@AshishPanthee62]

Great video sir
Ek doubt yeh hai ki
Agar expense humne jyada dikhaya books mein compared to Income Tax toh profits will be automatically less in books & that difference will be our deferred tax liability right??

[@reeyagarg2388]

Very informative sir

[@CAChaitanyaPathak]

Thank you so much

[@rajatgrover5726]

Wow content

[@gopibhavani3616]

Thanks

[@MaheshParmar-zd3ux]

Thank

[@ca_athlete]

Good work

[@a2zAccountingSchool]

Thanks

[@urveshbheda1035]

Can you please take an example for unabsorbed losses for deferred tax calculation and post a video for understanding.... Thanks in advance

[@nextgen178]

Why we're using net block assets of IT Act & Companies Act to calculate of DTA(DTL) instead of Depreciation value of IT Act and Companies Act. Please explain.

[@nextgen178]

@A no problem

[@hemchandrajoshi408]

In case of firm can tax be according to company law or any other law?

[@a2zAccountingSchool]

As per income tax law complusy for compute income tax but as per company law not required

[@gagan4996]

sir please provide me any question for practice and provide your excel sheet for clear undertsanding and more practice

[@tallyandgst]

Sir it depriciation or company depriciation m jo bhi jyda value hogi uske according deferred tax ki calculation krte h

[@sourabhsoni2235]

💞💞

[@yoUr_ChooSE_PlEasUre]

Sir I have question..
Deffered tax asset ho ya liabilities
Isko account books me kase adjust krna hota hai..? I mean isko next year me v dekhana pdega, iska balance equal kase hoga just ispe ek video le aye sara confusen dur ho jayega pls sir....??
Very confused

[@nayyarnayyar1560]

Accounting entries

[@shambhunathjha8759]

How have u download excel sheet.

[@a2zAccountingSchool]

You can download from www.a2zaccountingschool.com

[@abdulkabir605]

what is the difference between deferred tax and over provision of tax.

[@kahanilovers8108]

Deffer tax me section 43b of income tax act ka adjustment karke kaise karte hain?? Use kaise deffer tax aata hain?

[@bhupinderkaur7816]

Sir comparative balance sheet ma deferred tax assets ma record Hutta ha ya nahi

[@a2zAccountingSchool]

Yes, if deffered tax assets than need to show in Non current assets and if liability than show non current liabilities

[@neerajprajapati9575]

Sir can i calculate deferred tax only depreciation amount

[@suniljadav4197]

Deferred tax on different between depriciation Or wdv ???? , plz guide me

[@bumblebee5268]

Yes
Difference ko multiply karna rate of tax plus cess.(25%+4%=26%)
wo hota DTA ya DTL

[@pechettyramkrishna4393]

How to arrive 990

[@satpalkumar5549]

Deferred tax pay karni hoti hai? Agar hoti hai tp fr isko calculate krne ka kya matalab?

[@roshanjaiswal5787]

IAS 12 defines a deferred tax liability as being the amount of income tax payable in future periods in respect of taxable temporary differences. So, in simple terms, deferred tax is tax that is payable in the future.
Source google

[@pankajrathore2736]

Sir pura sikhna h accounting

[@renugupta6460]

Sir dta ayega liability ku aayegi

[@Adityakumar-sr2ex]

Deferred tax Rate 27.82% kaise aaya... Urr isse nikaalte kaise hai.... Deferred tax rate...???

[@geetshah3281]

tax rate 25% + cess

[@shwetagarg4308]

25 plus 4 % equall to 26 % hona chiye

[@a2zAccountingSchool]

7% surcharge

[@shwetagarg4308]

Sir apne tax rate 27.82% kaise lia hai

[@satishchander2833]

Taxation

[@chhobisharma6878]

Itna ghatiya smjhnay ka tarika yaak

[@deepakkumar-dw9yz]

Thanks sir

[@a2zAccountingSchool]

Welcome