Dear all,
Suppose in case of an assessee, there is a positive effect of say Rs.25 lakhs on account of Sec.145 A calculation. Should it be considered in calculation Deferred Tax Asset/ Liability for that year??? If yes, what is the logic behind this???
As far as I my knowledge goes, 145A should be revenue neutral. If it gives raise to a different implication as stated in the query, then the reasons thereof will have to be studied first, in order to see whether it can give raise to DTA or DTL.
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Anupam Parashar & Co.
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Naveen Fintech Pvt Ltd
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