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The deferred tax liability which arises on a revaluation of a non-current asset should be debited to the Revaluation Account. The question will identify just how much of the deferred tax liability to be carried forward relates to the revaluation.
Your answer should calculate the movement in the deferred tax liability to carry forward. This would then be debited or credited to teh Income Tax account and balanced off to Income Statement.
BUT!!! if some of the deferred tax liability relates to TNCA revaluations, that element should not work its way through to Income Statement. Instead, that element should be debited to Revaluation account
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