Differed Tax Assets and Liabilities

Dear Sir ,

please Explain Differed Tax Assest and Differed Tax liability. I have taken some example i.e depreciation as company Law and Income tax law but others exp. disallowed expenses in profit .please explain in brief.


your sincerely,

Chandrakant Parmar
Replies (2)
Quick Summary
This discussion clarifies the concepts of deferred tax assets and liabilities. It uses examples such as differences in depreciation calculations between company and income tax laws, as well as disallowed expenses. The explanation aims to provide a brief understanding of these important tax concepts.

I would recommend you to watch ACCA Advanced Taxation ATX p6 mock exams discussion videos especially by Sir Owais Mirchawala. In my opinion, they are one of the best videos to understand tax assets and tax liabilities.

Defereed tax liability is not applicable for others

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