Dear Sir,
In one of the audited balance sheet CA has audited deferred tax asset net as negative i.e. loss. Company is having Profit before tax of more than 10,00,000/- but after deferred tax asset it shows in balance sheet Profit for the year in negative i.e. loss due to deferred tax asset effect. Will bank consider this as business loss and only on this ground can bank reject parry's loan proposal?
CAclubindia
