D.t.a/ d.t.l on foregin loss

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Jatin Sachdeva (Querist)
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28 December 2013 Sir I would like to know if we are transact a loan and facing losses in foreign exchange at the end of yr & payment has been made after two years..does it qualify the definition of AS-22 to create D.T.A in books of accounts ??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 December 2013 Yes if you are sure that the said expense won't be disallowed by the tax department which often happens in case of foreign exchange loss.

It would be a timing difference and DTA can be created.

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