GuestDeferred Tax Assets
Source: Ind AS 12 (summary)
A deferred tax asset on unused tax losses is recognised only to the extent that it is probable that future taxable profit will be available against which the losses can be used. When the entity has a history of recent losses, convincing other evidence of future profit is needed.
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About Accounting
Accounting principles in short, plain-language summaries: double entry, accrual, going concern and prudence, then Ind AS topics such as inventories, cash flows, events after the reporting period, income taxes, property, plant and equipment, employee benefits, government grants and foreign currency.