What Do u mean by deffered Tax Liability

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What Do u mean by deffered Tax Liability..

Deferral means postponed.

Deferred tax is an accounting concept, meaning a future tax
liability or asset, resulting from temporary differences
between book (accounting) value of assets and liabilities
and their tax value, or timing differences between the
recognition of gains and losses in financial statements and
their recognition in a tax computation.

What kind of temporary differences?

Temporary differences are differences between the carrying
amount of an asset or liability recognized in the balance
sheet and the amount attributed to that asset or liability
for tax purposes.

Temporary differences may be either:

1)Taxable temporary differences, which are temporary
differences that will result in taxable amounts in
determining taxable profit (tax loss) of future periods when
the carrying amount of the asset or liability is recovered
or settled; or
2)Deductible temporary differences, which are temporary
differences that will result in deductible amounts in
determining taxable profit (tax loss) of future periods when
the carrying amount of the asset or liability is recovered
or settled.

So,Deferred Tax Liability means the company postpones its
tax liability from the present period to a future period.
Taxable differences give rise to deferred tax liabilities.
Deferred tax liabilities consist of the tax effect of only
one item: Taxable temporary differences.

Deferred Tax Liability = Taxable Differences * Tax Rate.

{And Tax liability means A legal claim on assets.}