When book profits are less than taxable profits:
A deferred tax asset is recognized when the taxable profits are higher than the book profits, resulting in future tax benefits. It represents the taxes that the company has overpaid and can be offset against future taxable profits, resulting in a reduction of tax expenses in the future. In the given scenario, if the book profits are lower than the taxable profits, it implies that the company has paid more taxes based on the higher taxable profits. As a result, a deferred tax asset is created to recognize the future tax benefits that the company can utilize to offset against its future taxable income.
In the given figure if Triangle represents who prefer tea, Rectangle represents who prefers coffee and Circle represents who prefers soft drink then wha...
In the given figure, how many mobiles are there which do not have camera?
Which of the following diagrams best depicts the relationship between Tubelight, Mobile and Gadget.
In the following diagram which symbol indicates only artist, but not an Indian or a manager?
The diagram represents the number of students studying different subjects. What is the number of students who study both Hindi and Chemistry?
Identify the diagram that best represents the relationship among the classes given below: Bus, Driver and Road.
How many Disciplined people are not labour?
Find out the number of all those people who can speak both Malayalam and Tamil?
Select the missing number from the given responses.
How many persons like all the activities i.e., Painting, Dancing and Music?