Hi,
when deferred tax is applicable and what is the criteria?
Now, my company is in loss for the FY'19, still deferred tax is applicable?
Please clarify.
Thanks in advance.
Dinesh Reddy (Professional) (69 Points)
08 July 2019Hi,
when deferred tax is applicable and what is the criteria?
Now, my company is in loss for the FY'19, still deferred tax is applicable?
Please clarify.
Thanks in advance.
Sandeep Garg
(Consolidation and IndAS Application)
(1056 Points)
Replied 04 September 2019
Deferred tax is applicable to all companies. Only criteria is any income / expense which is not taxable / deductible now but in future it will be. For more details pls msg.
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