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What is Temporary Deductible difference?

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Question added by Atiq Rehman , Internee , HBL Bank
Date Posted: 2014/09/15

A temporary deductible difference is related to deferred taxation effect between the treatment of allowable tax deductible allowances and the accounting treatment as per International Financial Reporting Standard (IFRS) which tax effect will be calculated according tax rates as substantially enacted by income tax statue / legislation.   There will be a balance sheet effect and income statement effect on the financial statements.

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