Deferred tax liability
This query is : Resolved
16 September 2011
Sir, if a deferred tax liability is recognised in the books...then how it will be shown and when it will be removed from books..???
17 September 2011
well as per new Schedule VI it is to be shown under non-current liabilities
18 September 2011
Deferred Tax Liability and assets are to be calculated every year. If in year 1 there is deferred Tax Liability and in year 2 there is deferred tax assets then both can be set off. It is to be shown under the other liabilities and other assets
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