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tax deferred

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21 November 2008 what is deffered tax

21 November 2008 Tax effect on timing differences on account of difference between accounting income and taxable income. For details refer AS-22 of ICAI.

21 November 2008 Deferred tax is an accounting concept, meaning a future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities and their tax value, or timing differences between the recognition of gains and losses in financial statements and their recognition in a tax computation.

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