Deferred Tax Assets are the part of:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Non-current assets
In the Schedule III form of Balance Sheet, Deferred tax assets (net) is item (c) under Non-Current Assets; deferred tax assets and liabilities are always non-current.
Option (1) Non-current liabilities — Incorrect. That head holds deferred tax liabilities, not assets.
Option (3) Current liabilities — Incorrect. An asset is never shown under liabilities.
Option (4) Current assets — Incorrect. Deferred tax items are never classified as current.
NCERT (2026-27 edition):
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