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Deferred tax asset
I have started a new company which is in loss and I have written off the preliminary expenses as per income tax act .Should I create a deferred tax asset even if there is loss? I have to file my return for fy 2017-18 till March 31st
Replies (3)
If there is timing differences then you will have to create Deffered Tax even though you have loss returns
there are no transactions except preliminary expenses which amounts to 35000
Yes, create DTA
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