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when Deferred Tax Asset & Deferred tax liability arises?
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Answer Posted / n k bapna
When tax payable is as per income tax act ,then why to
create a pool of tax under head deferred tax liability ? Why
not to pay tax as per Income Tax act and appropriate the
difference so arises due to calculation of tax as per
company's act (whether credit or debit ) in profit and Loss
account.
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