Bal. of DTL as on 31.3.2012 in the books of XYZ pvt ltd is Rs.50,00,000. In the F.Y. 2012-13 Depreciation as per Co's Act 1956 is Rs. 37,00,000 and Depr. As per I.T. act is Rs. 1,65,00,000. So Amt. of DTL will be Rs.39,55,200 [(37,00,000-165,00,000)*30.9%].
So my Question regarding above situation is What will be the closing bal. of DTL? Please solve above query and also give me accounting treatment of above. (Assuming No Surcharge)
11 March 2013
There is a generation of DTL of Rs. 39.55 lacs in the current year which will be added to opening DTL balance. The closing balance would be 89.55 lacs
CAclubindia
