Dear sir,
One private limited company incoroprated in 2002 , but they commeced their business during the financial year 2005-06 and due to loss and business down treand they stopped their business for 3 years ( that is 2006-07,2007-08, and 2008-09) they have no business. after the market study and using innovative ideas they restarted their busines during the year 2009-10. Is it necessary to create Differed tax liablity /asset by them during the year 2005-06 , remaining three years they had no business. What to do with deferred tax in that years. KIndly guide me in this case
CAclubindia
