A liability that results from income that has already been earned for accounting purposes but not for tax purposes.
Related information about deferred tax:
- Deferred tax - Wikipedia, the free encyclopedia
2 Timing differences; 3 Justification for deferred tax accounting; 4 Examples ... 5 Deferred tax in modern accounting standards; 6 Derecognition of deferred tax ...
- Deferred Tax Asset Definition | Investopedia
An asset on a company's balance sheet that may be used to reduce any subsequent period's income tax expense. Deferred tax assets can arise due to net loss ...
- Deferred Tax Liability Definition | Investopedia
An account on a company's balance sheet that is a result of temporary differences between the company's accounting and tax carrying values, the anticipated ...
- Deferred Tax Definition - What is Deferred Tax?
What is Deferred Tax? Find out right now with a helpful definition and links related to Deferred Tax.
- Summary of Statement No. 109 - Financial Accounting Standards ...
A deferred tax liability or asset is recognized for the estimated future tax effects ... The measurement of current and deferred tax liabilities and assets is based on ...
- Deferred Tax Assets - YouTube
Jul 20, 2011 ... http://www.accounting101.org How to account for a deferred tax asset.
- What are deferred taxes
The need for deferred tax accounting arises because companies often postpone or pre-pays taxes on profits pertaining to a particular period. Deferred tax ...
- Meaning of Deferred Tax Liability & Asset in Simple Words ...
Mar 21, 2012 ... In Simple words Deferred Tax Liability is a Provision for Future Taxation This is in stark Contrast to Provision for Taxation Provision for Taxation ...