Applicability of surcharge for deferred tax asset computation in loss making company
This query is : Resolved
CMA Nitin Arora
(Querist)
29 July 2013
Surcharge of 5% is applicable on the total income of a domestic company if taxable income is more than 1 crore.... but if a domestic company is loss making than the surcharge will be applicable or not 4 d calculation of deferred tax asset????
30 July 2013
It is conservative to not include surcharge. Unless the prediction of 1 crore profit is highly virtually certain
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