Icds

Deferred tax asset or liability arises when there is a difference in accounting income and taxable income. Hence , it may arise if there are certain expenses/incomes in your books whose treatment is different in AS and ICDS.

Deferred tax asset or liability arises when there is a timing difference in accounting income and taxable income. Hence , it may arise if there are certain expenses/incomes in your books whose treatment is different in AS and ICDS.