DTA/DTL

A/c entries 699 views 1 replies

students

59 Points Joined February 2008

If as per account loss & as per Income tax also loss and Mat is applicable then what will creat either DTA or DTL. Plz suggest me .....

Replies (1)

Chief Accountant

2828 Points Joined December 2007

Hi.

for Loss in IT you have to create DTA since in future u can set off this loss against income..

Please refer Guidence note on MAT credit..

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