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Deferred tax liability on loss making company

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 August 2016 Should we calculate Diferred Tax Asset or Liability based on Depreciation value etc in case of a LOSS MAKING COMPANY??? Pls reply urgenty.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 August 2016 If you expect the company to turnaround and earn profits in future then create deferred tax asset.

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