Should a loss making company provide for deferred tax? Is As-22 applicable for a loss making company?
Menu
Deferred Tax
Replies (3)
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.....[:)]
Recent Topic
- Foreign citizen as directors
- Which category of Employer is applicable to Kendri
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
Related Topics
CAclubindia
