Deferred Tax Accounting Disclosure Practices of Indian Companies - An Analytical Study

Savitha P. R.

Deferred Tax Accounting Disclosure Practices of Indian Companies - An Analytical Study

Authors: Savitha P. R.

Unique Paper ID: 166518
Volume: 4
Issue: 12
PageNo: 374-379

Keywords: Deferred tax accounting AS- 22 Ind AS- 12 Timing difference. Deferred Tax Assets Deferred Tax Liability.

Abstract:
Purpose: A true and fair disclosure of information on deferred tax in companies' annual reports is needed to understand the significance of deferred tax by the users of accounting information. The level of awareness on deferred tax among the listed companies in India is high as the Accounting Standard on Deferred taxes is mandatory for Indian companies. Though Accounting standards prescribe the standard rules to be followed to disclose the information on deferred tax, the way of disclosure of deferred tax is not unique among the companies in India. The study aims to identify the extent of disclosure of deferred tax assets and deferred tax liabilities in annual reports of listed companies in India and to understand the level of awareness of deferred tax among companies. Methodology: This study is conducted based on secondary data from the annual reports of ten sample companies for the year 2017-18. A hypothesis is formulated to reveal the facts about the level of disclosure of deferred tax among the sample companies. The study used descriptive statistics, and the inferential statistical tool ANOVA is applied for the logical analysis of data. The result of the present study indicated that listed companies in India have been disclosing the deferred tax accounting information as per AS 22 and Indian Accounting Standard (Ind.AS) 12-Income Taxes replaced AS 22 after the implementation of IFRS in India. Findings: The study revealed the fact that there exists a difference in the level of disclosure of deferred tax assets and deferred tax liabilities in the annual reports of listed companies in India. Practical Implication: The result of the study will facilitate an understanding of the concept and disclosure practice of deferred tax. Originality/Value: The study will enrich the domain knowledge through systematic financial statement analysis.

email to a friend

Cite This Article

ISSN: 2349-6002
Volume: 4
Issue: 12
PageNo: 374-379

Deferred Tax Accounting Disclosure Practices of Indian Companies - An Analytical Study

Available:https://ijirt.org/Article?manuscript=166518

28 Jul, 2024

CUSTOMER SATISFACTION TOWARDS ONLINE BANKING

08 Jul, 2024

A Comparative Study of Customer Satisfaction towards E-Banking Services in Selected public and private sector banks, Mandya District

27 Jun, 2024

Analyzing the Determinants of Women Investors' Participation in Stock Market with special reference to Mysore

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

Join Our IPN

IJIRT Partner Network

Submit your research paper and those of your network (friends, colleagues, or peers) through your IPN account, and receive 800 INR for each paper that gets published.

Join Now

Latest Publication

Recent Conferences

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024 Last Date: 15th March 2024

Submit inquiry