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Provision for deferred tax

This query is : Resolved 

05 November 2008 Is it mandatory to made provision for deferred tax liability/ Assets?

A company had not made provision of deferred tax from last 4 years.
my question is whether provision for current year to be made or to leave it as it had not been made in last years.

05 November 2008 It is mandatory and the defect has to be corrected.

05 November 2008 how to sort out this defect
is it to show prior period adjustment


06 November 2008 Sow the deferred tax upto the previous year in one line and for the current year in another line. Explain the accumulated figure by way of note.



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