Banks and manufacturing companies look at significant deferred tax asset hit on financials

Companies may have to write off tax assets in absence of projected profits. In the April-June quarter, several companies may be impacted because they are unable to set off deferred tax assets against payable taxes, industry trackers said. Deferred tax assets are set-off against future projected profits every year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UQFKEM