Deffered tax assets
This query is : Resolved
PALLAVI SOMANI
(Querist)
21 September 2012
Hey Friends,
pls let me know whether preliminary exp. considered while complying with AS-22...
pls let me know whether preliminary exp. considered while complying with AS-22...
CA RICHA BADALIA
(Expert)
21 September 2012
In case of company preliminary exp is fully written off in year of incurrence and as per IT sec 35D 1/5 of preliminary expense is allowed each year upto 5 years, so timing difference is arising and as a result dta is to be created.
PALLAVI SOMANI
(Querist)
21 September 2012
WAT IF COMPANY HAS NO INCOME IN THE INCURANCE YEAR OF PRELIMINARY EXP.
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