Deferred tax asset recognition
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2013
DEAR MEMBERS I HAVE A QUERY RELEVANT TO DEFERRED TAX ASSET CREATION.FOR CLOSING BOOKS OF ACCOUNTS FOR THE F.Y 2011-12, I HAVE PASSED AN ENTRY FOR DEFERRED TAX CONSIDERING THE SEC.43B DISALLOWANCES. HOWEVER, THE 43B DISALLOWANCES CONSIDERED FOR INCOME TAX RETURN VARIES WITH SEC.43B DISALLOWANCES CONSIDERED FOR INCOME TAX PROVISION CALCULATION AT TH YEAR END. HENCE, IS IT NECESSARY TO ADJUST THE DIFFERENCE TO THE EXTENT VARIED WITH THE TWO SITUATIONS ? IF YES, HOW IT SHOULD BE DONE.
CMA Ramesh Krishnan
(Expert)
23 June 2013
Books are closed. you cannot adjust in back dated. so what ever difference you can correct the current year only
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
- Gst credit note by supplier
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Wrong CMPo8 file
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
