Dta/dtl
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2013
Short Term Capital Loss on sale 0f fixed assets as per income tax act-25600
Loss on sale of fixed assets as per companies act WDV-12560
Whether deferred tax/Liabilities arise or not
Loss on sale of fixed assets as per companies act WDV-12560
Whether deferred tax/Liabilities arise or not
27 June 2013
DTL is created if the difference is a "Temporary difference". In your case, and based on limited facts given by you, this difference is not going to reverse in future.
Further, assuming that both the above figures are WDV in tax and accounts before sale, technically there should have been some DTA existing and now the same would get reversed.
Further, assuming that both the above figures are WDV in tax and accounts before sale, technically there should have been some DTA existing and now the same would get reversed.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2013
ok thanku sir
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