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when Deferred Tax Asset & Deferred tax liability arises?
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Answer Posted / sanket s jain
Deferred tax liability may arises due differences in many
concepts of IT Act & some other act(Co. Act). For eg: rates
of Depreciation in IT Act & Company Act is Different, so tax
liability may differ as per IT act or Co. Act. So difference
is treated as Deffered Tax Liability or Deferred Tax Assests
as the case may be
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