deferred income tax charge definition

deferred income tax charge

Excess of actual income tax amount over the amount of tax payable shown on an income statement, which occurs due to temporary difference in the recognition of income and expense items. This excess is recognized as a non-current asset on the taxpayer's balance sheet, until its amortization in the following accounting period.

deferred income tax charge is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

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