Dta/dtl


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 June 2013 Short Term Capital Loss on sale 0f fixed assets as per income tax act-25600

Loss on sale of fixed assets as per companies act WDV-12560

Whether deferred tax/Liabilities arise or not

27 June 2013 DTL is created if the difference is a "Temporary difference". In your case, and based on limited facts given by you, this difference is not going to reverse in future.
Further, assuming that both the above figures are WDV in tax and accounts before sale, technically there should have been some DTA existing and now the same would get reversed.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 June 2013 ok thanku sir


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details