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 .....
CA CS Amit Borade
(Chief Accountant)
(2828 Points)
Replied 27 July 2009
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..
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
