When Deferred Tax Asset & Deferred tax liability arises?

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What are the rules relating to recognition of deferred tax asset and liability?
Posted by:
Kamran Anjum
30-March-2014

VAT Tax Accounting Asset

Question added by Qamar Zaman , Manager Finance , PAN Industries (Pvt.) Limited
Date Posted: 2017/06/09

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1 Answers

by Deleted user

These are the advance or refunds which are reflected in the Balance sheet and reduces the deffered tax liability.

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