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Is deffered tax liability your current liability?

yes


Who impose the ceiling in tax deffered in annuity?

IRS


What is defering?

Deffered Tax is the amount the payment of which you delayed to pay in future. There are many reasons for deffered taxation. There are so many expanses and incomes which are not allowed by taxation department of Government but we enter as income and expenses in our financial statements because in accounting they are allowed as income or expense and that's why in the end the net income calculated by company and tax department is rearely reconsile due to problems mentioned above and due to that tax calculated by company is different the tax calculated by tax departments that's why deffered taxation is use to adjust tax between entity and tax department.


Is Professional Tax Applicable in Meghalaya?

Yes. Professional Tax is applicable in Meghalaya.


What is deferred tax?

Deffered Tax is the amount the payment of which you delayed to pay in future. There are many reasons for deffered taxation. There are so many expanses and incomes which are not allowed by taxation department of Government but we enter as income and expenses in our financial statements because in accounting they are allowed as income or expense and that's why in the end the net income calculated by company and tax department is rearely reconsile due to problems mentioned above and due to that tax calculated by company is different the tax calculated by tax departments that's why deffered taxation is use to adjust tax between entity and tax department.


Examoles of statutory deductions?

Statutory deductions consist of FIT(Federal Income Tax), SIT(State Income Tax, where applicable), City (Where applicable), SD( School District Tax, where applicable), FICA and Medicare.


Is service tax applicable to mobile pre paid recharge distributor?

Is service tax applicable to mobile pre paid recharge distributor?


What is the tax rate applicable on sale of scrap?

5.25%


Is profession tax is applicable to contractors?

d set


What happened to deffered tax on winding up of a company. has this amount is paybale to government?

Deferred tax, which is a GAAP accounting concept, and may be either an asset or a liability, would all be settled, either paid with or reduce tax, on the final return.


With respect to prepaid income from services is the treatment of prepaid income the same for tax and financial accounting?

No - for financial accounting it is treated as deffered income (included in income when earned) and for tax perposes it is income in the year received.


Is Tax Deducted at source applicable on sea or air freight?

no