Deferred tax assets and liabilities
This query is : Resolved
Sidhant Jain
(Querist)
16 February 2017
Can someone please explain me the concept of Deferred Tax Asset and Liability in simple, understable terms.
16 February 2017
It is just difference of depreciation as per books of accounts and as per income tax act.
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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