Which of the following is not included in non current liabilities?

The correct answer is Option (1) → Trade Payables

Under Schedule III, non-current liabilities have four sub-heads: long-term borrowings, deferred tax liabilities (net), other long-term liabilities and long-term provisions. Trade payables are listed in the form under current liabilities, as amounts due to suppliers normally paid within the operating cycle.

Option (2) Deferred tax Liabilities — a non-current liability: it is the second sub-head of non-current liabilities.

Option (3) Long term Provision — a non-current liability: provisions not to be settled within twelve months are long-term provisions.

Option (4) Other long term Liabilities — a non-current liability: it is the third sub-head of non-current liabilities.