Deferred tax assets and liabilities

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Sidhant Jain (Querist)
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16 February 2017 Can someone please explain me the concept of Deferred Tax Asset and Liability in simple, understable terms.

Vaibhav (Expert)
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16 February 2017 It is just difference of depreciation as per books of accounts and as per income tax act.

Bhaskaran Chackrapani Warrier (Expert)
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16 February 2017 Pl read the writings in https://www.caclubindia.com/articles/meaning-of-deferred-tax-liability-asset-in-simple-words-13385.asp

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