Deferred tax

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keyur shah (Querist)
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23 May 2013 Dear All,

I have one query regarding deferred tax during 80IA exemption tenure. My company is under 80IA exemption tenure and we are planning not to avail 80IA.In above situation how deferred tax calculation can be effected. Thanks In Advance.

Regards,
Keyur L Shah

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 May 2013 Deferred tax calculation apply where you tax expenses to next period due to some temporary difference of the expenses or income. Sec.80IA exemption once you are not availed that is over the particular period, it cannot be carryforward the next period,hence that can be treated as permanent difference, deferred tax will not apply that situation

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