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Deferred tax liablity

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(Querist)
16 April 2014 Dear All,

Please explain what is deferred tax liability with eg.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 April 2014 please refer https://www.caclubindia.com/articles/meaning-of-deferred-tax-liability-asset-in-simple-words-13385.asp#.U04g_6Ia28A
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CA LLB Shailendra Kumar Lal

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CA LLB Shailendra Kumar Lal (Expert)
17 April 2014 If difference between accounting income as per companies act and taxable income as per income tax act is timing difference then such difference shall create deferred tax asset or deferred tax liability.

Examples of deferred tax liabilities:
(1) In income tax more depreciation is allowed as compared with accounting depreciation

(2) Income is disallowed and such income is cause of timing difference
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