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DEFERRED TAX LIABILITY

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22 June 2010 WHAT IS DEFERRED TAX LIABILITY PLEASE EXPLAIN WITH EXAMPLE
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
22 June 2010 It means company is deferring its current liability to future. So we will today create DTL i.e. a liability which will come in future. vice versa call as DTA i.e. deferred tax asset

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