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A deferred tax asset is recognized when the taxable profits are higher than the book profits, resulting in future tax benefits. It represents the taxes that the company has overpaid and can be offset against future taxable profits, resulting in a reduction of tax expenses in the future. In the given scenario, if the book profits are lower than the taxable profits, it implies that the company has paid more taxes based on the higher taxable profits. As a result, a deferred tax asset is created to recognize the future tax benefits that the company can utilize to offset against its future taxable income.
Sunaina said, “I went to the school yesterday”.
Himani said, “Jupiter is the largest planet in the solar system”.
Change the following sentence to Direct Speech.
Sunil Chhetri told that for the Indian team every match was war and every game a fight.
Select the most appropriate indirect form of the given sentence.
Mother said to me, “Will you help me in cleaning the house?”
Select the most appropriate indirect form of the given sentence.
I said to you, “ He should be trusted.”
The groom said to the bride, "I will take good care of you."
Select the most appropriate indirect/direct form of the given sentence.
The son said, “mom, can you bring tea for me.? mom said” no.
Change into indirect form-
Rahul said to his mom, “If I hear any news, I’ll phone you.”
Choose the option that is the indirect form of the sentence.
Kishore said “I’m leaving now.”
Change the following sentence to Indirect Speech.
"I wonder", Sharda said to Girija, "whether you can spare your Economics notes for a day".