Deferred income tax liability - How To Discuss
Deferred income tax liability,
Definition of Deferred income tax liability:
Excess of income tax amount shown on an income statement over the actual tax amount, which occurs when book-income exceeds taxable income. This excess is recognized as a liability in the taxpayers balance sheet, and is written off in the following accounting period.
Meaning of Deferred income tax liability & Deferred income tax liability Definition
