Deferred tax
This query is : Resolved
25 November 2008
Sir,
AS 22 says that "Assets and liabilities to be netted off only when the enterprise has a legally enforceable right to set off and intends to settle on net basis." most of the companies have shown it as net.
so it is legal in India? does company law say so? thanks
AS 22 says that "Assets and liabilities to be netted off only when the enterprise has a legally enforceable right to set off and intends to settle on net basis." most of the companies have shown it as net.
so it is legal in India? does company law say so? thanks
25 November 2008
it is to be seen as per respective tax laws and not as per company law to set off.
07 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
07 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
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