banner_ad

Difficulty in as 22

AS 656 views 3 replies

If any undertaking is availing tax exemption for first five years since started.

So what will be the applicability & effect of AS 22 Deffered Tax in such case.

Please can anyone explain me in detail......

Replies (3)

Timing difference is to be calculated on normal tax rates even if entity is enjoying tax benefits

Please explain me the accounting for it in 6th year

Timing Difference which arise in TAX holidays period and are expeceted to reverse within that period are not recognised. because entity dont have to pay tax anyway.

And timing diff which arise in holiday period and are expected to reverse after tax holiday will be considered for DTA/DTL. That is only that part which is expected to reverse after tax holiday period is considered for creation of DTA/DTL.

Entry will be normal as you do in other cases

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details