Deferred tax

This query is : Resolved

vijay m r (Querist)
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12 March 2013 Hello Professionals,

If a Company is under loss from date of incorporation for Ex: Incorporation on 02/10/2006 to 31/03/2010.

Only in the F Y 11-12 company earned profit.

Still now they did n't disclosed in Financial Statement Deferred Tax. But now.

Is it necessary calculate deferred tax?

If they want to disclose. They have calculate only for Profit period or from date of incorporation?

Regards,

Vijay M R

CA Parul Saxena

CA Parul Saxena (Expert)
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12 March 2013 Mr. Vijay computation of Deferred tax is mandatory for every co....id Deferred tax liability is computed then it is to be recorded and if Deferred tax Asset is computed then it is to be recorded only when there is certainity that profit will be earned in future.

vijay m r

vijay m r (Querist)
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12 March 2013 Thank you.

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