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.

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?

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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details