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Deferred taxes carrying amounts

AS 349 views 2 replies

Hi

Last years DTL provision is 2000

This year's Total DTA 1000 - opening provision DTL 2000 $ = 1000$ DTL.

Moment/charge to SPL= OPENING BALANCE - CLOSING BALANCE ie, 2000 $ - 1000 x tax rate 10%= DTL100$.

Dr. Deferred tax expense 100; Cr Deferred tax provision 100

Plus, what happens when previous year has a DTA debit provision and this year a DTA has arisen ie. Opening provision is DTA and this year DTA-DTA=DTL while calculating the moment? 

Txs


 

Replies (2)

Nothing will happen with net is DTA this year, just reduce the DTA this year. CA Madan from SriLankan answered me. You can follow IFRS discussions on FB and Ill clarify your indAS doubts

Since indain as ca's dont know the answer to it, i have sources bigger than...


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