As-22

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
Replies (2)
if it complies with sec 205 ,then it can very well pay dividend out of it
Hello Friends,

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