D.t.a/ d.t.l on foregin loss
This query is : Resolved
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 ??
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.
It would be a timing difference and DTA can be created.
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