Deferred tax asset

Pooja Maheshwari (Partner) (42 Points)

20 September 2013  

Dear Members,

 

There is a company, which is into Ist year as on 31st March 2013. The company is making loss in the books. As per accountant, we can create Deferred tax asset on the basis of loss in the books. Otherwise there is no timing difference as per accounting laws and taxation laws.

Please advice, I need to finalise the audit report.

 

Regards,