As-22

This query is : Resolved 

16 May 2013 Where a company has brought forward loss & it has disallowance us-43B will we require to get Virtual Evidence to implement AS-22?

18 May 2013 Certainly it can act as Virtual Evidence, IF the amount of future allowance of Sec. 43B is certain and at least equals the brought forward losses.
Bottom line is --- You must have taxable profits.


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