As 22-urgent qury
Querist : Anonymous
1) Can the current DTA (rs 2 lac) be set off against current DTL (5 Lac) and the net computation for the year be shown at DTL 3 lac
2) Can this Net DTL of 3lac (or any other amount) be adjusted against opening DTA of Rs. 25 Lac.
3) Further, as there is total uncertainty about future earnings of the company, should the balance in DTA (Be it 25 lac as it is OR 22 (25-3) lac) be charged to the P&L of the current years.
Please reply in detail..
Querist : Anonymous
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