Current liabilities does not include:

The correct answer is option 4- Deferred tax liabilities.

Current liabilities does not include Deferred tax liabilities. Deferred tax liabilities are included in non current liability.

 

Current liabilities shall include the liabilities due within one year. It shall include the following:
* Short-term Borrowings: Such as Bank Overdraft, Cash Credit.
* Trade Payables: Sundry creditors and Bills Payable will be termed Trade Payables.
* Other Current Liabilities: Such as (i) Interest accrued but not due on borrowings; (ii) Interest accrued and due on borrowings; (iii) Income received in advance; (iv) Unpaid dividends; Unclaimed Dividends;  (v) Outstanding expenses; (vi) Calls in advance and interest thereon.
*Short-term Provisions: Such as (i) Provision for Tax; (ii) Provision for Doubtful Debts