Deferred tax liability
This query is : Resolved
28 April 2011
Is deferred tax liability a provision for future tax payment, or it is just a reserves & surplus? Kindly explain.
28 April 2011
provision for future tax
28 April 2011
Timing difference may lead Income Tax of initial years being lower and subsequent years being higher. (Save tax now, Pay tax later).It is provision for future tax payment.
28 April 2011
agree.. but would like to add a line
its a provision for tax liability that gets postponed because of diff in tax laws..
its a provision for tax liability that gets postponed because of diff in tax laws..
30 April 2011
It is not a 'reserve & surplus'. To be shown in the balance sheet under separate head.
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