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AS 22
Accountancy
When virtual cetainity and when reasonable certanity is required in as 22
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Hey don't confuse with that wordings.When company has to DTA,there it is required just reasonable certanity that it will have profits in future.But when company has carry forward losses or unabsorbed depreciation then it is required a virtual cetainity with convincing evidence that company is going to get profit.If virtual cetainity is there then it can create DTA.
