Answer Posted / amit kumar
deffered tax liablibilty is the liablility which arises due
to the timing diferrence between income ascetainment
between accounting as per books and accounting as per
income tax
further deferred tax liablity are those liablity which will
increase the future tax liablility.
a enterprise need to to be reasonable certain about the
fututre profit prospect before accounting deferred tax.
| Is This Answer Correct ? | 30 Yes | 6 No |
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