Menu
Defered tax asset
If there is any Dta on asset shown in B/s bt but there is not asset..
Den what should be the treatment of DTA in Financial statement..?
Replies (6)
A Reversal entry should be made as follows:
P&L A/c Dr
To DTA a/c
Thank u..
Is it prior period item ..?
No, it is not a prior period item.
In which head in St. of P&L ?
This is extract of P&L statement; in Tax Expense column we can have DTL as follows:
| X | Tax Expense: | |
| (1) Current Tax | ||
| (2) Deferred Tax | ||
Thank you sir for solving my problem.
Recent Threads
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
Related Threads
CAclubindia
