Deffered Tax Asset
This query is : Resolved
31 October 2020
In Private Limited Company First Financial Year 2019-20 in that Whether Deferred Tax Asset Creation required mandatory in case business loss?
31 October 2020
Yes, it's mandatory.
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31 October 2020
Deferred tax assets has to be recognized only if the company is 'reasonably certain' that sufficient profit will emerge in the coming years.
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