80ia reversal and deferred tax calculation
This query is : Resolved
07 June 2017
Sir, Ours is Power Generating Co., planning to avail 80ia benefits after two years, how to give effect of reversal/assets available during 80ia period
CA R SEETHARAMAN
(Expert)
07 June 2017
DT will not be recognized which arises and reversed during the holiday period. DT will be recognized which arises in holidays period but reversed after holiday. DT reversals during the period can be done.
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08 June 2017
we have one unit already claiming 80IA.so,while computing Deferred Tax we are calculating deferred tax on whole company which also includes 80IA unit.so shall we calculate deferred tax on 80IA unit separately? and treatment of reversals of 80IA unit in this scenario?
Thanks for your last reply sir.
Thanks for your last reply sir.
CA R SEETHARAMAN
(Expert)
08 June 2017
Continue to calculate deferred tax on whole company.
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