Deferred tax provision for loss making company
This query is : Resolved
Sonnal Khandaray
(Querist)
31 March 2022
Hi All
One of my clients is filing belated return and so they will not able to carry forward loss. Whether deferred tax adjestment needs to be made by the company in the books of accounts if loss is not going to get carried forward.
Thanks in advance.
One of my clients is filing belated return and so they will not able to carry forward loss. Whether deferred tax adjestment needs to be made by the company in the books of accounts if loss is not going to get carried forward.
Thanks in advance.
CA R SEETHARAMAN
(Expert)
31 March 2022
In such a case deferred tax adjustment can't be made.
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