whether dta and dtl can be shown in net in balance sheet i.e. whther they can be mutually set off and shown in net.???
plz help
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 30 August 2010
Yes, they can be net off only if advance tax can be net offf and entity has legal enforceable right to do it
akash patni
(industry)
(74 Points)
Replied 30 August 2010
didn't get ?? what do u mean by netting off advance tax?????? u mean advance tax by provision for tax .
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 30 August 2010
Yes .... net off of advance tax by provision for tax .
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 30 August 2010
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Provision for tax 09-10 Rs. 100000
Advance tax for 09-10 Rs. 90000
Rs. 10000
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