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Applicability of surcharge for deferred tax asset computation in loss making company

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29 July 2013 Surcharge of 5% is applicable on the total income of a domestic company if taxable income is more than 1 crore.... but if a domestic company is loss making than the surcharge will be applicable or not 4 d calculation of deferred tax asset????

30 July 2013 It is conservative to not include surcharge. Unless the prediction of 1 crore profit is highly virtually certain



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