What is deferred Tax, deferred Assets & deferred liability
? What is the procedure to calculate?

Answer Posted / anupama

defered tax means temporary differences b\w the amounts as
per account books and as per tax books arises defered tax

defered tax assets means if the amount as per account books
less than as per tax books that is called defered tax assets

defered tax liabilities means if the amounts as per account
books is more than the tax books is called defered tax
liabilities.

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