Dear All,
Whether dimunition in value of investment is timing or permanent difference?
E.g. Suppose, if a company has belief that its long terms investment of Rs. 1 crores are decling and it creates provision for dimunition of Rs. say 10 lacs in books of accounts. However in income tax no deduction is allowed. Whether it is timing or permenent difference as per AS22.
Regards
Shweta Maheshwari
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
View Details
Shyam S Gupta and Company
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
