Defered tax
This query is : Resolved
Pranay Teja
(Querist)
02 December 2011
Dear sirs
Can Any one describe The term ''Deferred Asset''
Can Any one describe The term ''Deferred Asset''
03 December 2011
Dear Friend, Deferred Assets are those assets on the Balance Sheet of the company which are going to reduce current tax liabilities of the company. These assets includes Losses carried forwards, pre-operation expenses and other which are deferred from previous years because of non availability of profit.
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