Deferred tax liability/asset
aswini (student) (30 Points)
26 April 2016
Is it necessary to calculate Deferred tax liability/Asset for a loss making company
Ruchi
(CA)
(1410 Points)
Replied 27 April 2016
Yes, it doesn't matters whether the company is profit making or loss making.... The deferred tax asset/liability should be shown.
Sandeep Garg
(Consolidation and IndAS Application)
(1056 Points)
Replied 27 April 2016
Just to add...dta can be recognised subjct to virtual certainity with convincing evidence in case of accumulated losses.
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