Defeered tax receivable/payable

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hardik shah (Querist)
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08 October 2013 we have balance of deffered tax receivable...i dont know how to do entry of this..this year this tax amount increased.

show me treatment of +/- amount of deferred tax...?

deffered tax should be shown in p&l or balanceshhet?

CA Pallav Singhania

CA Pallav Singhania (Expert)
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08 October 2013 You can go thu this for complete conceptual clearance...

https://www.caclubindia.com/articles/meaning-of-deferred-tax-liability-asset-in-simple-words-13385.asp

regards,

Ganeshbabu K

Ganeshbabu K (Expert)
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08 October 2013 1)Above attached link will give detailed idea on defered tax caluculation

2)Defered tax expence in current year will be shown in Statement of Profit and loss below the PBT and defered tax asset/liabiliy will appear in balance sheet
.
.
Once you refer above article you can get some idea on defered tax concept

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