Deferred Tax Asset and Deferred Tax Liability

Deferred Tax Liability (DTL) and Deferred Tax Asset (DTA) forms an essential part of Financial Statements. This adjustment made at end of year closing of Books of Accounts affects the Income-tax outgo of the Business for that year as well as the years ahead. What Is a Deferred Tax Asset? Items on a balance sheet of company that may be used to reduce taxable income in the future are called… Read More »Deferred Tax Asset and Deferred Tax Liability