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when Deferred Tax Asset & Deferred tax liability arises?

Answer Posted / anshul gupta

Prior to AS-22 the amount of income tax payable is
determined on the profit and loss account as per income tax
laws. after the introdution of AS-22 it is determined on
the basis of Accrual concept . according to this concept
tax expense is accounted in the period in which
correspoonding revenues and expenses are recognised .

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