07 February 2023
One straightforward example of a deferred tax asset is the carryover of losses. If a business incurs a loss in a financial year, it usually is entitled to use that loss in order to lower its taxable income in the following years. In that sense, the loss is an asset.
See the link for DTL. https://cleartax.in/s/deferred-tax-asset-deferred-tax-liability-dta-dtl
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