Should we deduct Deferred Tax asset while calculating Tangible Net Worth? Is there any clarification given by ICAI on the same?
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
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