Deffred tax liability

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vik

student

113 Points Joined September 2008

for how many years we can c/f deffered tax liability?

pls clearify in detail...

Replies (1)

ashish gupta

student

1922 Points Joined May 2008

as long as it does not set off.

deferred tax liability only arises of some timimg difference that is some income which is not chargeable to tax at present wil be taxable at some future date. So its certan that the income will be charged to tax in future so deffered tax liability will automatically get set off.