Deferred Tax Entries

Member (Account Deleted) Guest , Last updated: 25 October 2012  
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The word Deferred is derived from the word Deferments which means arranging for something to happen at a later date. Thus, deferred tax is the tax for those items which are accounted in Profit Loss A/c but not accounted in taxable income which may be accounted in future taxable income vice versa.

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