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Accounting standard 22 - deferred tax asset

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Querist : Anonymous

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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 ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
24 September 2011 I agree with the expert
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CA Pushpendra Gaur

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CA Pushpendra Gaur (Expert)
29 September 2011 I also agree with Chackrapani sir
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