Tax Credits DTNR: Use Case Example

Consider the following values for Closing Carryforward (a) in Tax Credits form for the account Tax Credit.

Use Case Example: Tax Credits form

Closing Carryforward values are populated in Tax Credits DTNR form.

Use Case Example: Tax Credits DTNR form

You can derecognize P&L and Non P&L amounts from any year using the DTNR Current Year P&L, DTNR Current Year Utilized P&L, DTNR Current Year Non-P&L, and DTNR Current Year Utilized Non-P&L columns.

For example, for Year FY24, refer the screenshot below. The values for DTNR Current Year P&L is 987, DTNR Current Year Utilized P&L is 436, DTNR Current Year Non-P&L is 6434 and DTNR Current Year Utilized Non-P&L is 123.

The Closing CarryForward with DTNR column holds the Closing Carryforward with the derecognized amounts.

Derecognized Amount

Post Consolidating FY24 P12, the values are populated in the DTNR form as follows:

  • DTNR Current Year P&L Automated = - DTNR Current Year P&L Total (8733)
  • DTNR Current Year Non-P&L Automated = - DTNR Current Year Non-P&L Total (10945)

Values in Tax Losses DTNR Form Post Consolidation

Post consolidation, DTNR Current Year P&L Automated and the DTNR Current Year Non-P&L Automated values are populated as below:

DTNR Current Year P&L Automated and the DTNR Current Year Non-P&L Automated values

Post consolidating FY25, P1, in Tax Credits DTNR, the values from Closing Balance DTNR flows to Opening Balance - DTNR column.

Values from Closing Balance DTNR flows to Opening Balance - DTNR column

Note:

  • By default, the amounts for the account "Total National Temporary Differences, Losses, Credits and Attributes" in the DTNR Current Year P&L Automated and DTNR Current Year Non-P&L Automated columns are reflected in TAR form.
  • The amount for the account "Total National Temporary Differences, Losses, Credits and Attributes" in the DTNR Current Year P&L Automated column is reflected in the ETR forms.