Question

deffered tax meaning with example ​

Answer 1

A deferred tax asset is the carryover of losses. If a business incurs a loss in a financial year, it usually is entitled to use that loss in order to lower its taxable income in the following years. 2 In that sense, the loss is an asset.

Answer 2

Answer:

Deferred tax is a notional asset or liability to reflect corporate inbox taxation on basis that is the same or more similar to recognition of profits than the taxation treatment.