Deferred tax asset

Dear Members,

 

There is a company, which is into Ist year as on 31st March 2013. The company is making loss in the books. As per accountant, we can create Deferred tax asset on the basis of loss in the books. Otherwise there is no timing difference as per accounting laws and taxation laws.

Please advice, I need to finalise the audit report.

 

Regards,

 

Replies (1)

DTA can be recognized if it is virtually certain that the same can be realized against the future taxable gains...

The same to be disclosed in Discloisure requirm pursuant to AS-22

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Company
28 July 2026
Senior accountant

RJ Public School

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Follow