What items come under deferred tax liability?
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Answer / Sidharth Kumar
Deferred Tax Liability (DTL) refers to a liability that arises due to temporary differences between the financial reporting and taxation of an entity. When an entity recognizes revenues or assets for tax purposes, but not for financial reporting purposes, it results in a deferred tax liability. This means that a tax payment will be made in future years when the temporary difference is reversed.
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