Hello friends this is rahul help needed
y query realtes to AS-22 on Accounting for taxes
If a co. incurr a loss and in the same year a deferred tax asset(DTA) is created and by virtue of DTA company comes in profit. Now the question is can company declare dividends out of this profit.
Hoping fora quick response
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As-22
Replies (2)
if it complies with sec 205 ,then it can very well pay dividend out of it
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