If as per account loss & as per Income tax also loss and Mat is applicable then what will creat either DTA or DTL. Plz suggest me .....
1 Replies
CA CS Amit Borade
(Chief Accountant)
(2828 Points)
Replied 27 July 2009
Hi.
for Loss in IT you have to create DTA since in future u can set off this loss against income..
Please refer Guidence note on MAT credit..
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