Provision for deferred tax
This query is : Resolved
CA PAWAN SETHI
(Querist)
05 November 2008
Is it mandatory to made provision for deferred tax liability/ Assets?
A company had not made provision of deferred tax from last 4 years.
my question is whether provision for current year to be made or to leave it as it had not been made in last years.
A company had not made provision of deferred tax from last 4 years.
my question is whether provision for current year to be made or to leave it as it had not been made in last years.
S.Srinivasaraghavan
(Expert)
05 November 2008
It is mandatory and the defect has to be corrected.
CA PAWAN SETHI
(Querist)
05 November 2008
how to sort out this defect
is it to show prior period adjustment
is it to show prior period adjustment
S.Srinivasaraghavan
(Expert)
06 November 2008
Sow the deferred tax upto the previous year in one line and for the current year in another line. Explain the accumulated figure by way of note.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- EPF ECR NEW FILE SEP 17TH 2026
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Oct 2025 Invoices
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
