deferred tax liability
This query is : Resolved
12 November 2007
wheather we have to make deferred tax liability if the company is in tax holiday u/s 80ic/ib.
Ravikumar.G
(Expert)
12 November 2007
If there is any DTA, prudence policy we need not account or show it as in books. If there is DTL we can account.
14 April 2008
AS PER ICAI GUIDELINES AND COMPANY LAW REQUIREMENTS, AND COURT JUDGEMENTS, DTA AND DTL PROVISIONING IS A STATUTORY REQUIREMENT NOW , IRRESPECTIVE WHETHER A COMPANY AVAILED 80 IC/IB TAX HOLIDAY OR NOT.
R.V.RAO
R.V.RAO
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