02 December 2009
Hi Dhanraj, timing differences originate in one year and are capable of reversal in subsequent year/s. for these timing differences we create DTA/DTL. the year in which timing differences relating to particular item reverse, we close DTA/DTL A/c related to that paricular item by reversing DTA/DTL. Regards, CA Shakuntala Chhangani
To be more specific, it is not called as reversal rather it is adjustement, the entries in subsequent years will automatically knock-off the opening balance till the year upto which nullified.
CAclubindia
