vaibhav (student) (221 Points)
27 November 2012
Nithin Chettoor
(Assistant Manager)
(388 Points)
Replied 27 November 2012
Deferred Tax Liability will be disclosed under the head Long term Liabilities.. below Long term borrowings as the 2nd item.
Deferred tax asset is disclosed under Non current assets under Non current Investments.
CA Manish
(Job)
(5264 Points)
Replied 27 November 2012
Deferred tax assets and liabilities should be distinguished from
assets and liabilities representing current tax for the period. Deferred
tax assets and liabilities should be disclosed under a separate heading
in the balance sheet of the enterprise, separately from current assets
and current liabilities.
vaibhav
(student)
(221 Points)
Replied 27 November 2012
| Originally posted by : Nithin Chettoor | ||
Deferred Tax Liability will be disclosed under the head Long term Liabilities.. below Long term borrowings as the 2nd item. Deferred tax asset is disclosed under Non current assets under Non current Investments. |
||
vaibhav
(student)
(221 Points)
Replied 27 November 2012
| Originally posted by : CA Manish Malu | ||
Deferred tax assets and liabilities should be distinguished from assets and liabilities representing current tax for the period. Deferred tax assets and liabilities should be disclosed under a separate heading in the balance sheet of the enterprise, separately from current assets and current liabilities. |
||
sandeep
(student)
(188 Points)
Replied 01 December 2012
CAclubindia
