Deferred Tax Assets are the part of:

Non-current assets

The correct answer is option (2) : Non-current assets.

Deferred Tax Assets are the part of Non-current assets. A deferred tax asset is an accounting concept that represents a potential future tax benefit for a company. It arises when there are temporary differences between the way a company recognizes income and expenses for accounting purposes and how it is recognized for tax purposes.

ASSETS
1) Non-Current Assets
(a) Fixed assets
       (i) Tangible assets
       (ii) Intangible assets
       (iii) Capital work-in-progress
       (iv) Intangible assets under development
(b) Non-current investments (c) Deferred tax assets (net) (d) Long-term loans and advances (e) Other non-current assets
2) Current Assets (a) Current investments (b) Inventories (c) Trade receivables (d) Cash and cash equivalents (e) Short-term loans and advances (f) Other current asset.