Query
This query is : Resolved
16 April 2014
what is the difference b/w income tax and deferred tax .?
16 April 2014
income tax is the tax payable on the income earned during an year.
deferred tax refers the postponing of tax liability in the books of accounts due to difference in treatment of certain items as per tax laws and as per accounts.
deferred tax refers the postponing of tax liability in the books of accounts due to difference in treatment of certain items as per tax laws and as per accounts.
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