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Deferred tax asset

This query is : Resolved 
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(Querist)
17 September 2011 Will there be a deferred tax asset on provision for diminution in value of the current investments (on account of market value being lower than cost as at year end)
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 September 2011 Yes,DTA has to be recognized in books.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
17 September 2011 Yes, Dimunitaion in Value of investment also Included under AS - 22
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