Accounting standard 22 - deferred tax asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2011
Is it true if a comapany makes loss,it should create deferred tax asset? evenif there is no timing difference arising out of Depre & Disallowances ?
24 September 2011
If the company is virtually certain that sufficient profit will emerge in the next year, create DTA on loss, otherwise no need as per AS-22.
Message likes :
2 times
24 September 2011
I agree with the expert
29 September 2011
I also agree with Chackrapani sir
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