MCA Updates
Govt. exempts deferred tax asset or/ and liability for 7 years for PSU, NBFC & Infra companies
Govt. exempts deferred tax asset or deferred tax liability with reference to the Accounting Standard 22 or Indian Accounting Standard 12 for 7 years. The exemption is pertaining to the following Govt. companies:
(a) is a public financial institution as per section 2 (72) (iv) of the Companies Act, 2013;
(b) is a Non-Banking Financial Company registered with the Reserve Bank of India under section 45-IA of the Reserve bank of India Act, 1934; and
(c) is engaged in the business of infrastructure finance leasing with not less than 75%. of its total revenue being generated from such business with Government companies or other entities owned or controlled by Government.
The exemption has been issued under Section 129 (6) of the Companies Act, 2013.
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Submit your guest articles for our website click here we will publish it Subscribe our Email updates like other 100,000 Members, Free/Easy/Comfortableway
Govt. exempts deferred tax asset or/ and liability for 7 years for PSU, NBFC & Infra companies
Govt. exempts deferred tax asset or deferred tax liability with reference to the Accounting Standard 22 or Indian Accounting Standard 12 for 7 years. The exemption is pertaining to the following Govt. companies:
(a) is a public financial institution as per section 2 (72) (iv) of the Companies Act, 2013;
(b) is a Non-Banking Financial Company registered with the Reserve Bank of India under section 45-IA of the Reserve bank of India Act, 1934; and
(c) is engaged in the business of infrastructure finance leasing with not less than 75%. of its total revenue being generated from such business with Government companies or other entities owned or controlled by Government.
The exemption has been issued under Section 129 (6) of the Companies Act, 2013.
Company Secretary GAURAV SHARMA+919990694230 Connect on Watts App with Gaurav Email us [email protected] Submit your guest articles for our website click here we will publish it Subscribe our Email updates like other 100,000 Members, Free/Easy/Comfortableway
