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Defferd tax assets

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(Querist)
07 August 2013 Hey i have last year balance of defered tax assets because of deperication in my balance sheet and i have sell all Assets in this F.Y.2012-13 what should impect on balance deferde tax assets
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
08 August 2013 The whole amount of deferred tax asset needs to be reversed since the assets have been disposed off.
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Ganeshbabu K

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Ganeshbabu K (Expert)
08 August 2013 Please let me know what will be the suggested entry to be passed in such cases?
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