deffered tax liab. (asset)

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Asheshwar Das (Querist)
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30 May 2009 what is deffered tax liability and what is deffered tax liab. (asset). Please clarify with example of both, not only definition.

CA.BHARAT BHUSHAN (Expert)
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31 May 2009 If tax on taxable income is more than the book income, then it will amounts to deffered tax assets and vice versa

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