Should a loss making company provide for deferred tax? Is As-22 applicable for a loss making company?
3 Replies
CA munjal
(articled clerk)
(100 Points)
Replied 25 August 2009
Recoginistion of DTA depends on the expectation of future profitability. For DTA on losses and depreciation there should be virtual certainity that the company will be making profit in future and for DTA - others there should be reaosnable certainity.
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