Financial Statements & Accounting
2 terms
Deferred Tax
Financial Statements & Accounting
₹ crore
The tax effect of timing differences between how items are treated in the accounts and how they are treated for tax purposes.
Deferred Tax = Temporary Difference x Applicable Tax Rate
Depreciation
Financial Statements & Accounting
₹ crore
The systematic allocation of a tangible asset's cost over its useful life as an expense in each period.
Straight-Line Depreciation = (Cost - Residual Value) / Useful Life in Years