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We are doing Book/Tax differences. Is there a good example on the main items on a...

We are doing Book/Tax differences. Is there a good example on the main items on a corporate return with the 2018 items and how to compute them?

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There are permanent and temporary differences in tax expense due to which tax rate differs or you can say tax amount differs if we calculate tax as per book profits or tax as per income tax purpose. If something is never allowed as per income tax but it is deducted from income in books then this difference will be continue permanently. And if something is just of timing difference which will be eliminated in future than it is just an temporary difference between books and tax.

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