Dta/dtl

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2013 Short Term Capital Loss on sale 0f fixed assets as per income tax act-25600

Loss on sale of fixed assets as per companies act WDV-12560

Whether deferred tax/Liabilities arise or not

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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27 June 2013 DTL is created if the difference is a "Temporary difference". In your case, and based on limited facts given by you, this difference is not going to reverse in future.
Further, assuming that both the above figures are WDV in tax and accounts before sale, technically there should have been some DTA existing and now the same would get reversed.

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2013 ok thanku sir

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