Deferred tax assets & liabilities
This query is : Resolved
04 June 2015
WDV as per Books = 15,00,000/-
WDV as per I.Tax = 12,00,000/-
Diff. = 3,00,000/-
My question is that 92,700/- is DTL or DTA & where we show this figure in Balance sheet in liability side or asset side?
Please guide me, its urgent.
I am in confusion, some one guide me its DTL & some one direct me to show DTA. Please help me that what is the exact place of this figure.
WDV as per I.Tax = 12,00,000/-
Diff. = 3,00,000/-
My question is that 92,700/- is DTL or DTA & where we show this figure in Balance sheet in liability side or asset side?
Please guide me, its urgent.
I am in confusion, some one guide me its DTL & some one direct me to show DTA. Please help me that what is the exact place of this figure.
04 June 2015
It is DTA show it under asset side.
04 June 2015
Sir,
Our Auditor has shown the above details as below :-
WDV as per Books - 15,00,000/-
WDV as per I.Tax - 12,00,000/-
Diff. 3,00,000/-
less : Unabsorbed 1,88,119/-
Dep.
less : dis. u/s 37 63,000/-
Balance 48,881/-
DTL 15104/-
He shown 15104/- under liability side.
Is it correct.
Please help me.
Our Auditor has shown the above details as below :-
WDV as per Books - 15,00,000/-
WDV as per I.Tax - 12,00,000/-
Diff. 3,00,000/-
less : Unabsorbed 1,88,119/-
Dep.
less : dis. u/s 37 63,000/-
Balance 48,881/-
DTL 15104/-
He shown 15104/- under liability side.
Is it correct.
Please help me.
04 June 2015
It is not correct. It is DTA only.
04 June 2015
Thanks a lot sir,
Sir, its my request please, can you give me your email id. Pleaseeeeee sir.
Sir, its my request please, can you give me your email id. Pleaseeeeee sir.
04 June 2015
rseeraman@gmail.com ...........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
