80ia reversal and deferred tax calculation

Save Share

This query is : Resolved

shruthi (Querist)

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

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.

Message likes : 1 times

shruthi

shruthi (Querist)

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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

08 June 2017 Continue to calculate deferred tax on whole company.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now