As-22
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2010
Say, Company ABC has accounting loss of rs.425000/- of which depreciation loss is of Rs 65000/- then as per As-22 shallwe require to make DTA on Loss which is to be C/f for next year i.e. Rs. 360000/- [ 425000-65000] or DTA is require on Entire amount of Rs. 425000/- ?
28 July 2010
On entire loss to be carried forward as per income tax rules including depreciation DTA to be made.
28 July 2010
only if there is virtual certanity tat the company wil make profit in the near future DTA should be recognised
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