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5) What is Deferred Tax with practical examples.
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AnswerBot
1y
Deferred tax is a liability or asset that arises due to temporary differences between accounting and tax rules.
Deferred tax liability arises when taxable income is higher than accounting income, and d...read more
Anonymous
5mo
Deferred tax assets are the amounts of income taxes recoverable in future periods. Deferred tax assets arise when the tax amount has been paid or has been carried forward but has still not been recogn...read more
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