banner_ad

Dtaa - recognition

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 July 2017 On 31st march, 2017 we know that Income tax rate for FY 2017-2018 would be 25%, since our turnover is less than 50 crores. At what rate we would recognize DTA/DTL in our books on 31st March, 2017, @30% i.e. taxable rate for FY 2016-2017 or @25% since that much benefit we would derive fro DTA/DTL. Please Quote relevant provision as well.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
06 July 2017 @25% since that much benefit only we would derive from DTA/DTL. Refer AS 22.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 July 2017 What if the new act is not enacted as on the close of FY? Would we still consider the new rate on the basis of Finance Bill?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
06 July 2017 Yes we should consider new rate on the basis of Finance Bill.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 July 2017 Thanks a lot Sir that is indeed very helpful :)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details