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can some one pls explain briefly about 'Differed Tax'?
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Answer Posted / kalyani
Deferred tax is an accounting term, meaning future tax
liability or asset, resulting from temporary differences
between book (accounting) value of assets and liabilities,
and their tax value. This arises due to differences between
accounting for shareholders and tax accounting.
Tax deferral may also refer to incentives provided that
allow a taxpayer (an individual or a company) to defer or
delay payment of taxes to future years.
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