Items related to defferd tax

[Asked by Guest]

Dear Experts

                    I want to know that what are the items which are related to deferred tax liability and deferred tax assets..

Vikram singh

AI Summary

Deferred tax arises from reversible timing differences such as depreciation, disallowed tax additions, and carryforward losses.
Deferred tax arises from reversible timing differences between accounting profit and taxable income. Principal items creating deferred tax assets or liabilities include differences in depreciation, tax additions disallowed for immediate deduction, and carryforward losses that will affect taxable income in future periods.