Kindly confirm whether DTL provided as on 31.3.2010 needs to be reviewed for the qtr ending jun 10. clarify year end review is enough for provided DTL/DTA.
pls urgent.
4 Replies
N.Sivaraj
(Manager _ F&A)
(93 Points)
Replied 20 July 2010
dear Mr.ayush,
no for what? for my first line or second line.
pls clear my doubt.
thanks
Akhil Gupta
(Manager F&A)
(856 Points)
Replied 20 July 2010
YES, DTL provided as on 31.3.2010 needs to be reviewed for the qtr ending jun 10 and for every qtr if you are preparing your quarterly accounts.
Yearly review is enough for providing DTA/DTL but by this method you could not analyse your quarterly results properly.
CA. BIJENDER KR. BANSAL
(ACA, B.COM)
(8148 Points)
Replied 20 July 2010
DTA/DTL IS TO REVIEW FOR QUARTER CLOSING ALSO. BECAUSE, TAX LAIBLITY IS DEPNED ON IT.
IF YOU ARE GOING TO DEPOSIT ADVANCE TAX , IT WILL HELP FOR CALCULATING ACTUAL TAX LIABLITY.
IF YOU REVIEW IT YEAR END, THEN YOU GET THAT YOU HAVE DEPOSIT LESS/ MORE ADVANCE TAX
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