Can the previous year's Deferred Tax Liability be set off/deducted from the current year's Deferred Tax Asset?
Menu
Deferred Tax
Replies (1)
Yes deferred tax liability and assets are one and same thing just like your all other balance sheet items. for eg profit and loss debit balance of profit and loss account can be adjusted form credit balance of pl account
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
