11-05-2010, 05:56 AM
Asalam o alaikum to all members..
Can any one help me on deferred tax issue?
When a revaluation surplus incorporate in accounts we charged deferred tax to revaluation surplus according to ias 12 and resultant revaluation surplus net of deferred tax. the 35% portion of incremental depreciation transfer to earning through deferred tax account. what will happen when we get deferred tax asset in future and we are not recognised resultant deferred tax asset. how we transfer the 35% portion of incremental depreciation from that year to onwards?
Can any one help me on deferred tax issue?
When a revaluation surplus incorporate in accounts we charged deferred tax to revaluation surplus according to ias 12 and resultant revaluation surplus net of deferred tax. the 35% portion of incremental depreciation transfer to earning through deferred tax account. what will happen when we get deferred tax asset in future and we are not recognised resultant deferred tax asset. how we transfer the 35% portion of incremental depreciation from that year to onwards?
