Deferred income tax charge

Deferred income tax charge,

Definition of Deferred income tax charge:

  1. 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 taxpayers balance sheet, until its amortization in the following accounting period.

Meaning of Deferred income tax charge & Deferred income tax charge Definition