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Deferred tax liability

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(Querist)
15 April 2013 If there is book loss and also loss as per income tax then AS-22 would be applicable or not on timing difference due to Depreciation .
Is it necessary to Create DTL ?
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Gorav Kumar Goyal

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Gorav Kumar Goyal (Expert)
16 April 2013 If you think there would be profit in near future i.e. next 1 or 2 F.Y. then DTL will be created as per AS-22

Thanks,

Gorav Kumar Goyal,
G K Goyal & Associates

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