Opening Deferred tax Liability: 1,99,053
Current year loss as per Co Act: 13320000
Current year loss as per IT Act: 13800000
Current Year DTL (difference in carrying amount of Asset*tax rate) is 580000
Whether to recognise DTA for the loss in assumption of future taxable profits?
Deferred Tax Asset shall be created on the amount of loss as per income tax and it will be adjusted against opening Deferred Tax Liability. Net figure shall be reported.
Shyam S Gupta and Company
New Delhi
CA Inter
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Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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Arpan Bohra & Co
Hyderabad
CA Inter
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CCI
Pro
CAclubindia
