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Editorial Board on Accounts and Audit
  • DTA on Unabsorbed Business Losses(including Investment Allowance

    by LALIT on Saturday, May 27, 2017 at 04:08 PM

    Whether DTA on Unabsorbed Business Losses(including Investment Allowance u/s 32A) is part of OCI or Current Tax in Statement of Profit & Loss ?

    Replied byEditorial Board Friday, June 02, 2017 at 05:52 PM

    DTA on unabsorbed business losses is part of Current Tax in the Statement of profit & loss.

    Further, there will be no deferred tax on Investment Allowance u/s 32A.

 
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