Should a loss making company provide for deferred tax? Is As-22 applicable for a loss making company?
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Deferred Tax
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Recoginistion of DTA depends on the expectation of future profitability. For DTA on losses and depreciation there should be virtual certainity that the company will be making profit in future and for DTA - others there should be reaosnable certainity.
perfect answer Munjal....good
tHANK U GUYS.....[:)]
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