Deferred Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 February 2010
If private company having Loss weather Deferred tax liability / asset applicable.
03 February 2010
Yes, in case the company is having a return of loss then definitely the deferred asset is to be created. Loss c/f to proceeding years is adjustable against future income and thus is a Timing Difference and results into a Deferred Tax Asset.
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