28 September 2008
A Firm has charged certain expenses in its Profit & Loss Accounts on accrual basis. But payment is not made in that year so as per sec. 43(b) of income tax act. these expenses shall be disallowed so in that year, is it Deferred tax Assets/ Liability.
29 September 2008
Does the item belongs to a category, where determination of reasonable certainty, of taxable income is adequate? (U/s 43B items) if reasonable certainty does not exist, DO NOT RECOGNISE DTA. If reasonable certainty exists, RECOGNISE DTA
CAclubindia
