Deferred Tax Asset and Deferred Tax liabilty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2011
What is the procedure to calculate Deferred Tax Assets/ Liability if financial year of the company is 01.07.2009 to 30.06.2010.
Is it necessary to prepare separate financial Statement as per IT Act ie 01.04.2009 to 31.03.2010?
Is it necessary to prepare separate financial Statement as per IT Act ie 01.04.2009 to 31.03.2010?
CMA Ramesh Krishnan
(Expert)
13 February 2011
procedure explained in AS-22, Please refer compleletly. there is no requirement for separate financials for Income tax
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