| Dear all, my query is for Simultaneous application of AS11 & AS22. |
| As on 31.03.09 I capitalise exchange difference as per AS11. |
| Now I will just compare WDV and workout deffered TAX. |
| However, Capitalisation thru AS11 is only in accounts not in taxation. Hence its permanent difference. |
| From next year again I will compare the WDv and take deffered Tax, but …… |
| Now whats the problem??? |
| in next year accounts WDV of exchange difference part is also included. |
| How to remove that??? |
| Since the term loan is not for one or two assets at the same time depreciation rate is also different for different assets. |
| How to remove that from WDV in next year??? |
| Or anyone of u guide me for AS11 and AS22 Compliance, would be a great help for me…. |
CAclubindia
