Dta /dtl

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ca neha (Querist)
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07 May 2015 AS PER CO. ACT 2013 FOR THE ASSET WHOSE LIFE IS NIL ON 01-04-2014 WE SHOULD CHARGE THE WHOLE AMOUNT EXCEPT 5% OF ORIGINAL COST OF ASSET TO RETAINED EARNINGS. NOW MY QUESTION IS WHAT WILL BE THE EFFECT ON DTA/DTL IS THE AMOUNT THAT IS CHARGED TO RETAINED EARNINGS IS A PERMANENT DIFFERENCE. PLZ CLEAR IT WITH AN EXAMPLE.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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08 May 2015 differences on account of depreciation are not permanent differences but timing difference.

the impact on DTA/DTL will be same as it used to be earlier in case of earlier companies act

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