10 August 2015
Whether DTA/DTL is to be created on sale of land(which is a non depreciable asset) because there will be a difference in accounting profit on sale of land and long term capital gain will be different as per tax laws??
10 August 2015
DTA/DTL is to be created only for temporary differences which will reverse in future. This is a permanent difference occurs once no DTA/DTL to be created for this.
CAclubindia
