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Income Tax

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(Querist)
02 July 2009 Hi,

Just want to know the details of Deferred Tax liability, how is it arrived in to the books of accounts and what purpose we are accounting this entry

Thanks & Regards
Nagaraju
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NITIN

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NITIN (Expert)
03 July 2009 IT is arise due to applicability of AS 22 and it is arrived or shown as current liability in balance sheet and it is trated and carried forward for five years as per AS22

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