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Under what circumstances Deferred Tax Liability or Deferred
Tax Assets entries to be passed ? or what is the advantage
by passing the above entries ? How the above entries to be
nullified / reversed ( with examples please )

Answers were Sorted based on User's Feedback

Under what circumstances Deferred Tax Liability or Deferred Tax Assets entries to be passed ? or w..

Answer / rajesh

deferred tax liability passed when company calculated
depreciation as per company act. and income tax calculated
as per income tax act. this difference called D.T.L.

Advantage this is safe area to show high profit.

Is This Answer Correct ?    0 Yes 3 No

Under what circumstances Deferred Tax Liability or Deferred Tax Assets entries to be passed ? or w..

Answer / dovetail

defered tax liability is i love you

Is This Answer Correct ?    0 Yes 6 No

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