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What is deferred Tax, deferred Assets & deferred liability
? What is the procedure to calculate?
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Answer Posted / amit banerjee
Deferred tax liability arises if the value of the asset
after depreciation in books of accounts is MORE than the
value of asset where depreciation is done as per income tax
act.Reverse is thae case of deferred tax asset.
| Is This Answer Correct ? | 28 Yes | 6 No |
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