Deferred tax calulation

SOUMYA SENGUPTA (EXECUTIVE) (37 Points)

21 July 2016  

Just need a confirmation , about deferred tax calculation on Fixed Asset as per Balance Sheet approach.

The calculation of deffered tax to be made on difference of WDV of asset in books as per Co's Act and Income Tax Act or

on the difference between deprecitation as per books and deprecitation as per IT act.

above the both which will be the correct method to follow for a company?