Deffered tax provision

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2012 A company are having brought forward losses, whether the company has to make provision of deferred tax assets on timing difference arising due to differences in Depreciation on Fixed Assets.
In the Last Year company had Brought forward Losses and it had made the provision.
Whether we have to make the provision or not?

Guest

Guest (Expert)

06 September 2012 Yes, DTA provision will be made for timing differences as per revised schedule VI.