Creation of dta
This query is : Resolved
12 September 2012
Suppose there is a carry forward loss of Rs. 3,00,000 on which DTA has not been created in earlier years.
Now in the current year loss of Rs. 1,00,000 is set off against the profit earned & company want to create DTA on the remaining loss of Rs. 2,00,000.
Whether it can create the DTA, and if yes, how it will created & treated in the books of account?
Now in the current year loss of Rs. 1,00,000 is set off against the profit earned & company want to create DTA on the remaining loss of Rs. 2,00,000.
Whether it can create the DTA, and if yes, how it will created & treated in the books of account?
12 September 2012
Yes you can create if there is virtual certainity that loss will be set off in future years.
12 September 2012
Yes, For Full Detail Read With AS 22 Issued by Our ICAI
17 September 2012
but whether it will be created from current P/L a/c or from General Reserve?
17 September 2012
Current PL Account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
