Deferred Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2010
A Pvt ltd comapny starts business but incurres a loss for 2 succesive years. deferered tax liabilty on variation in depreciation in recognized.However for the tratment for business loss excluding deprecaition, whether deferred tax has to considered?
27 May 2010
If there is "virtual certainty" with convincing evidence that sufficient income will generate in the ensuing year DTA can be recognized.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2010
Thank you sir,
what is the tratment for unabsorbed depreciation loss. Whther we can create DTA?
what is the tratment for unabsorbed depreciation loss. Whther we can create DTA?
27 May 2010
Undoubtedly YES.
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