Debit balance of deferred tax liability

802 views 1 replies

Dear All,

 

Please help me out with the following situation :

 

Deferred tax liability ledger has been created under the head provisons in accounting system.Now debit balance of this ledger is appearing and i am closing the books of this financial year.I will calculate the deferred tax liability/asset accordingly.Now my question is WHAT TO DO WITH DEBIT BALANCE OF THIS LEDGER WHILE SUMMARISING THE BOOKS OF THIS YEAR.?

Replies (1)

There might some error done by you while calculating DTL for current, it might possible you fails to adjust opening DTA in your working or wrong entry passed by you, Check it again 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details