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Deffered Tax Asset/Liability

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(Querist)
01 August 2008 Shuold Defferred Tax Or Liability Should be created in company which has its first financial year with Losses?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
01 August 2008 Yes, the deferred tax asset or liability on account of timing differences for depreciation difference and losses be provided.
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rakesh kalani

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rakesh kalani (Querist)
02 August 2008 Thanks Sir for your Instant reply
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