DTA


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2010 wHETHER pVT LTD COMPANY IS REQUIRED TO MAKE PROVISION OF DTA & DTL IN BOOKS???
IF SO WHEN??

18 November 2010 DTA/DTL is meant mainly for companies both private & public.
When the books are closed & financials are presented to Board & then submit for the audit.
Kindly refer to Accounting Standard 22 - Accounting for taxes on Income.

https://220.227.161.86/266accounting_standards_as22new.pdf

19 November 2010 Yes, PVT LTD COMPANY IS REQUIRED TO MAKE PROVISION OF DTA & DTL IN BOOKS AT THE YEAR END AND ITS SHOULD BE DISCLOSED AS PER AS 22.

19 November 2010 Otherwise non-compliance of accounting standards will lead to violation of section 211(3C) of the Companies Act,1956.

19 November 2010 Agreed with Rajan Kapoor

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2010 What in case Parenership Firms and Proprietor ???

19 November 2010 AS 22 is also applicable to parnership firms & individuals.


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