Creation of dta
This query is : Resolved
12 September 2012
Suppose there is a carry forward loss of Rs. 3,00,000 on which DTA has not been created in earlier years.
Now in the current year loss of Rs. 1,00,000 is set off against the profit earned & company want to create DTA on the remaining loss of Rs. 2,00,000.
Whether it can create the DTA, and if yes, how it will created & treated in the books of account?
Now in the current year loss of Rs. 1,00,000 is set off against the profit earned & company want to create DTA on the remaining loss of Rs. 2,00,000.
Whether it can create the DTA, and if yes, how it will created & treated in the books of account?
12 September 2012
Yes you can create if there is virtual certainity that loss will be set off in future years.
12 September 2012
Yes, For Full Detail Read With AS 22 Issued by Our ICAI
17 September 2012
but whether it will be created from current P/L a/c or from General Reserve?
17 September 2012
Current PL Account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
