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Deferred Tax

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14 August 2009 hi

I just have the following query

... A company under construction hasn't created any provision for tax ... Is there any requirement for calculating deferred tax as per accounting standard issued by ICAI.


Thank u

14 August 2009 The issueof Tax arrises only if there is income. if the company is under construction, there is no question of Income and hence no question of Tax.

Venkat.



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