Answer Posted / rajendran

Deffered tax asset or liability is arises due to timing
difference.

If the company pays taxes based on IT act and the taxable
income tends to be low due to higher rate of depreciation
under IT act then DTL arises to the company.

On the contrary,if the company pays higher taxes due to
lower rate of depreciation as per IT act , then DTA arises
to the company.

It is due to other factor such as;
Disallowances made as per IT act

Mention why some asset accounts have a credit balance?

646

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HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM

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