Defferd tax asset & liability

Accountancy

Please Can Anyone Explain to me if Dep Comp 10000 & Dep IT is 9000 it's defferd liability or not same thing if we reversed the amount what will be the case?

Snehashis Mohanty

CA Inter

★ 35

20-Sep-25 10:10

162

Answers (3)

If we are paying more tax now, its an asset. So if tax dep is less, its an asset

CA Suraj Lakhotia

Admin

20-Sep-25 10:11

https://youtu.be/HuHr3wDgSXk?si=SZN2QfQ22ISOkDr9

CA Suraj Lakhotia

Admin

20-Sep-25 10:12

Sir Thank You for the link I will see the video if I will get any doubt then I will ask

Thread Starter

Snehashis Mohanty

CA Inter

★ 35

20-Sep-25 10:20