opening deffered tax liability-Rs.170715
dep as per co act-Rs.3170420
dep as per It act-Rs.2559775
what should be the tratment in balance sheet and p/l account
2 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 16 June 2014
no treatment in profit and loss account.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 16 June 2014
DTA arising in given case is rs. 188689.30 [(3170420-2559775)*30.9%]...for adjusting this the whole of DTL will be adjusted and the balance of DTA 17974.30 (188689.30-170715) will be shown in balance sheet on asset side as DTA.
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