Should we deduct Deferred Tax asset while calculating Tangible Net Worth? Is there any clarification given by ICAI on the same?
2 Replies
MAHESH GARG
(AUDIT EXECUTIVE)
(334 Points)
Replied 22 June 2011
Deferred Tax Asset is an intangible Asset
CA Hemant Kumar
(CA, LLB (p), B.Com)
(204 Points)
Replied 23 June 2011
Yes....it would be deducted as it is an intangible asset
Recent Topics
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
Related Threads
CAclubindia
