Deffered Tax Asset
This query is : Resolved
GIRISH KUMAR DUNDLODIA
(Querist)
16 December 2008
A company has taken over a partnership firm which has deferred tax asset in its closing Balance Sheet.Can the same deferred tax asset be shown by the company in its Balance Sheet and be included in computation of profit & loss of the company????
16 December 2008
if the same has been considered in deciding the consideration & agreement to take over then it can be shown and also the factors which causes the DTA still continue to exist, then it can be shown.
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