Deffered tax assets
This query is : Resolved
30 June 2010
whether deffered revenue expenditure is considered for the creation of DTA/DTL during the year?
30 June 2010
NO, IT IS NOT CONSIDERED.
DEFFERED REVEUNUE EXPENDITURE MEANS EXPENDITURE DEFFERED FOR CERTAIN PERIOD IN BOOKS I.E THESE ARE SAME TREATMENT IN BOOKS AND TAX COMPUTATION. NO NEED TO CONSIDERED FOR DTA/DTL.
FOR DTA/DTL, ONLY THOUSE EXPENDITURE ARE TREATED WHOM TREATMENT IN BOOKS ARE DIFFER THAN TAX COMPUTATION SHEET. I.E IN BOOKS IF THEY ARE EXPENSED, WHILE IN TAX COMPUTATION THESE ARE NOT ALLOWED IN CURRENT YEAR.
VICA VERSA.
DEFFERED REVEUNUE EXPENDITURE MEANS EXPENDITURE DEFFERED FOR CERTAIN PERIOD IN BOOKS I.E THESE ARE SAME TREATMENT IN BOOKS AND TAX COMPUTATION. NO NEED TO CONSIDERED FOR DTA/DTL.
FOR DTA/DTL, ONLY THOUSE EXPENDITURE ARE TREATED WHOM TREATMENT IN BOOKS ARE DIFFER THAN TAX COMPUTATION SHEET. I.E IN BOOKS IF THEY ARE EXPENSED, WHILE IN TAX COMPUTATION THESE ARE NOT ALLOWED IN CURRENT YEAR.
VICA VERSA.
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30 June 2010
thank u sir
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