In Schedule III of Companies Act, 2013 Deferred Tax Asset or Deferred tax Liability is treated as.?

According to Schedule3 of the companies Act,2013 deferred tax Asset lies under the head of non current asset and deferred tax liabilities in non current liabilities.

Deferred tax liabilities or assets must be shown as non-current items in the Balance Sheet.

Tax base             Tax Effect                                        Deffered Tax

More asset          More Tax                                        Its Liability

Less  asset        Less tax                                          its Asset   

More Liability      Less Tax                                         Asset

Less Liability     More Tax                                          Liability       

under the law deferred tax treated as liability