banner_ad

Deferred tax creation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 December 2011 Dear Expert,

For FY 10-11, do we create DTA taking a surcharge of 7.5% or 5%.

I believe it shall incorporate known changes in tax rates, even though it may not be for the current assessment year. (with reference to para 22 of AS-22 which states that certain announcement of tax rates and tax laws may have substantive effect of actual enactment.....measured using such announce tax rates and tax laws)

Kindly advise if my opinion and/or basis is right

Thank You.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
14 December 2011 Substantially enacted rate can be adopted for DTA/DTL calculation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details