Meaning of Deferred Tax Liability & Asset in Simple Words

, Last updated: 10 August 2020 Share Follow on Google News

Republished with updates till July 2018 In Simple words, Deferred Tax Liability is a Provision for Future Taxation. This is in stark Contrast to Provision for Taxation. Provision for Taxation is basicallya provision for Current year Taxation. Deferred Tax Liability arises due to timing diff

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Broadcasts
Daily E-Newsletter
Unlimited Articles Access

BEST VALUE

2 YEAR PLAN

3,499

(Inclusive of GST)

1 YEAR PLAN

1,999

(Inclusive of GST)

Buy CCI PRO Now

Already a PRO member? Login here for an ad-free experience.

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

1993415 Views 163 Likes Comment Share Accounts Report

About the Author

Vignesh Killur

Articled Assistant

BE CHEERFUL! A SMILE EARLY MORNING CAN BRIGHTEN UP YOUR DAY AS WELL AS OTHERS DONT BE UPSET OR ANGRY FOR MORE THAN A MOMENT. THINK, TALK AND WORK FREELY PRESSURE IS ONLY IF YOU PERCIEVE IT HELP OTHERS IN NEED AND YOU WILL BE HELPED HE WHO WANTS TO BE GREAT MUST BECOME THE SMALLEST OF ALL. ... Read more

View Articles