Deferred tax asset

dear suchint,

yes deffered tax assets is to be created for both the above. but for the fourth year a potion of the DTA will be written off as there is profit of 40 lacs.

cheers

ganesh agarwala

But it is lesser out of Unabsorbed depreciation or unabsorbed losses

dear suchint,

please clarify your positin....

let me explain as per para 17 of As-21 you should have virtual certainity supporting convincing evidence that there will be adequate future taxable income to set off your DTA. then only DTA can be booked.

regards

ganesh agarwala