As-22

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2010 Say, Company ABC has accounting loss of rs.425000/- of which depreciation loss is of Rs 65000/- then as per As-22 shallwe require to make DTA on Loss which is to be C/f for next year i.e. Rs. 360000/- [ 425000-65000] or DTA is require on Entire amount of Rs. 425000/- ?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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28 July 2010 On entire loss to be carried forward as per income tax rules including depreciation DTA to be made.

srinath

srinath (Expert)
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28 July 2010 only if there is virtual certanity tat the company wil make profit in the near future DTA should be recognised

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