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Deferred Tax

Deferred Tax: The Accounting Line Item That Can Mislead Even Experienced Investors

Cover slide: 'Deferred Tax: The Accounting Line Item That Can Mislead Even Experienced Investors' with a green MULTIBAGGER SHARES badge.

Deferred tax can quietly change how reported profit should be read. The line is less about jargon and more about timing, profit quality, and whether management disclosure deserves trust.

Manish GoelApril 19, 2026April 19, 2026 Blog Read more

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My Portfolio CAGR is 112% as on 31.10.2024
My Contract Note of 28.06.2024 showing A.K. Spintex buying at 185 average

Telegram Link - https://telegram.me/longtermequityy

Manish Goel in ABP Live
Manish Goel in LiveMint
Bhopal Samachar

My Other Posts

  • Rule Number One: Why Not Losing Money Is the Real Secret to Getting Rich
  • The Farmer Who Never Asked the Price: What Warren Buffett’s Little Farm Teaches Us About Owning Shares
  • Diworsification: Peter Lynch’s Funny Word for a Serious Mistake — When Good Companies Wander From What They Do Best
  • Cheaper Because Bigger: The Hidden Wheel That Turns a Low-Cost Shop Into a Great Business
  • Drop by Drop: The Quiet Power of Investing a Fixed Sum Every Month
  • Never Ask a Barber If You Need a Haircut: Charlie Munger’s Simple Lesson on the Power of Incentives
  • What Pulak Prasad Learned from Darwin: Three Simple Rules for Owning Great Businesses for a Very Long Time
  • The Secret Hiding Places: Joel Greenblatt’s 1997 Special-Situations Framework and Why the Long-Term Equity Investor Should Hunt Where the Forced Seller, Not the Forecast, Sets the Price
  • The Auditor’s Opinion Hierarchy: How Unqualified, Qualified, Adverse & Disclaimer Reports Reveal Whether the Numbers Deserve Your Trust
  • Price-to-Operating-Cash-Flow (P/CFO) Ratio: The Valuation Multiple That Refuses to Trust Profits Until the Cash Arrives
  • Cash Flow From Operations to Total Debt Ratio: The Credit-Analyst’s 60-Second Solvency Test That Separates Self-Liquidating Balance Sheets From Slow-Bleed Leverage Time Bombs
  • Cash & Equivalents as a Percentage of Market Cap: The Graham-Era Deep-Value Forensic Test That Reveals How Much You’re Actually Paying for the Operating Business
  • Goodwill-to-Net-Worth Ratio: The Forensic Balance-Sheet Test That Reveals Whether Indian Companies Bought Their Earnings Or Built Them Organically
Economic Times Industry Leaders Award for Manish Goel
In last 5 years, Out of my these shortlisted 30 companies, Hazoor Multiprojects Multiplied 21 Times in 2 Years, and Sangam Advisors (Waaree Renewables Technologies ltd) Multiplied 450 Times in 5 Years.
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  • Home Page
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