the company should reverse the deferred tax liability and adjust its financial statements. One common situation that gives rise to deferred tax liability is the depreciation of fixed assets.

How Do You Reverse a Deferred Tax Asset? A company would need to reassess its likelihood of realizing future tax benefits. If ...

Shyam Metalics and Energy Ltd. on Thursday reported a 55% year-on-year drop in net profit for the second quarter ended ...