Deffered tax
This query is : Resolved
26 October 2007
I have business loss..can i calculate defeerred tax ?;
26 October 2007
yes
01 November 2007
AS 22 states very clearly that if you are virtually certain you may calculate DTA.
09 November 2007
You can calculate and show in the notes. Based on prudence policy you can avoid accounting in the books. Otherwise subsequent year when you will set off the loss you can create DTL.
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