Reversal of Deferred Tax??
This query is : Resolved
01 December 2009
Dear experts
Could you please explain in simple words what is reversal of DTA/DTL?
Thank you
Could you please explain in simple words what is reversal of DTA/DTL?
Thank you
02 December 2009
Hi Dhanraj, timing differences originate in one year and are capable of reversal in subsequent year/s. for these timing differences we create DTA/DTL. the year in which timing differences relating to particular item reverse, we close DTA/DTL A/c related to that paricular item by reversing DTA/DTL. Regards, CA Shakuntala Chhangani
02 December 2009
Hi Dhanraj,
Agreed with Shakuntala and thanks for the same.
To be more specific, it is not called as reversal rather it is adjustement, the entries in subsequent years will automatically knock-off the opening balance till the year upto which nullified.
Regards
Regards
Agreed with Shakuntala and thanks for the same.
To be more specific, it is not called as reversal rather it is adjustement, the entries in subsequent years will automatically knock-off the opening balance till the year upto which nullified.
Regards
Regards
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