Deferred tax
This query is : Resolved
01 October 2011
Hi all,
We create deferred Tax asset on Diminution or decrease in the value of investments and impairment loss on fixed aseets,but on what evidence or source these DTA is created (i.e either the company will sell these assets in future at higher price or reversal in future)
and what is the rate should be applied either normal rates or capital gain rates ?
We create deferred Tax asset on Diminution or decrease in the value of investments and impairment loss on fixed aseets,but on what evidence or source these DTA is created (i.e either the company will sell these assets in future at higher price or reversal in future)
and what is the rate should be applied either normal rates or capital gain rates ?
05 October 2011
since on the sale of depriciable assets the DTA must be created at normal rates
as sale of depreciable assets give rise to shrt term captal gain as per income tax section 50 not long term capital gain
as sale of depreciable assets give rise to shrt term captal gain as per income tax section 50 not long term capital gain
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- TDS ON CASH WITHDRAWALS...
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
