PLEASE TELL ME THAT WHILE TREATING AS 30,31,32 i.e. F.I.......KYA DEFFERED TAX ARISE HOGA AND IF YES THEN HOW IT WILL BE SET OFF??????????
ujjwal goyal (CA FINAL,CS EXECUTIVE) (48 Points)
03 November 2012
PLEASE TELL ME THAT WHILE TREATING AS 30,31,32 i.e. F.I.......KYA DEFFERED TAX ARISE HOGA AND IF YES THEN HOW IT WILL BE SET OFF??????????
CA Deepak Garg
(Consulting )
(95 Points)
Replied 15 November 2012
Hello Ujjwal
In my opinion while making treatment of AS- 30, 31 and 32 then in relation to Deferred Tax all provisions of AS- 22 shall be applicable. Deferred Tax can be arised even in AS 30 but it may be depend on different Circumstances.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)