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.
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