Please Help: DTL
Posted Date : 14-Jun-2012 , 05:27:40 pm | Posted By kaushal kumar singh
why the DTL will not be payable when company is going to be windup.
Category : Accounts | Answers : 0 | Comments : 2 | Hits : 195
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CA VIKAS JAIN
24-Jun-2012 , 12:29:10 amCA VIKAS JAIN
24-Jun-2012 , 12:33:30 amDTL is not the real tax laibility, this is a virtual concept of accounting. DTL means, as per accounts you have tax laibility but according to tax rule you have less taxable income so you are pay less tax in particular fy.