banner_ad

Provision for deferred tax

This query is : Resolved 
Profile Image

Profile Image

(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.
Profile Image

S.Srinivasaraghavan

Profile Image

S.Srinivasaraghavan (Expert)
05 November 2008 It is mandatory and the defect has to be corrected.
Profile Image

CA PAWAN SETHI

Profile Image

CA PAWAN SETHI (Querist)
05 November 2008 how to sort out this defect
is it to show prior period adjustment
Profile Image

S.Srinivasaraghavan

Profile Image

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

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details