Deferred Tax Asset on Loss
This query is : Resolved
30 July 2008
My Clent want to create deferred tax Asset on brought forward loss
what are the audit evidences to be collected from the company to substatanciate the virtual cirtinity of getting profits in future years
what are the audit evidences to be collected from the company to substatanciate the virtual cirtinity of getting profits in future years
31 July 2008
Keeping in view the going concern concept and after verification of the assessment orders or the computation and other relavant facts, deffered tax asset may be created.
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