16 October 2014
Previous Year Closing Balance Deferred Tax Liability can carry forward to Current Year ?? For Example: Previous Year=100000 DTL(only) and Current Tear=50000 DTL (only) Shall we take 50000 only or 150000 we should take in Current Year Books please anybody can reply???
16 October 2014
Deferred tax liability has to be carry forwarded and added or reversed during the current year depending upon the current year workings.
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