Deferred Tax Asset and Deferred Tax Liability
Deferred Tax Liability (DTL) or Deferred Tax Asset (DTA) forms an important part of Financial Statements. This adjustment made at year-end closing of Books of Accounts affects the Income-tax outgo…
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Deferred tax
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Deferred Tax on Provisions for unrealised profits (PUPs)
When goods are sold between group companies and remain in the inventory of the buying company at the year-end, an adjustment is made to remove the unrealised profit from the…