frnd i hv a query related to defered tax asset???
if a company has incurred loss in 2011 and has no VCCE as per para 17 that it willnot have sufficient income in 2012 but d co. has VCCE that it will have sufficient income in 2013, whether d company sud create DTA in 2011 or not????????????
pls answer...............thnx in aadv......
Deffered tax asset should be created even if the company has hopes of earning profit after 5 or 10 years...
yes DTA should be created,,,,, but if there is virual certainty that comany can have sufficient future taxable income ok..........
thanks rahul n rakesh.......
CAclubindia
