What it means ?? Booked dta,as their is reasobvle uncertainity

1 answer

Ravi Staff February 20, 2018

As per AS 22 Deferred Tax Asset should be booked only if there is reasonable certainty that this asset will give future economic benefit
reasonable certainty means future expectations backed by concrete evidence such as agreements / sales order etc   
as it involves lot of judgment about future performance and management action, we should take WR from management that there is reasonable certainty that benefits will flow


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