Deffered tax assets and deffered tax liabilities
Querist : Anonymous
Deffered tax liabilities show under which head in balance sheet.
Querist : Anonymous
please mention
deffered tax assets - under which head of assets
deffered tax liabilities -under which head of liabilities
i can show,
following items shall be disclosed under non-current liabilities.
• Deferred tax liabilities (Net);
Deferred tax asset has to be adjusted against deferred tax liability if liability is more and only net has to be disclosed as shown above.
In case of deferred tax asset is more it has to be netted against liability and shown in the asset side under non-current assets.
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