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Calculation of Deferred Tax Liability

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(Querist)
23 April 2021 Respected Sir Please guide me and oblige.

Depreciation as per books Rs. 15,01,558 Dr (a)
Depreciation as per IT Rs 13,41,399 Cr (b)
Credit Balance Rs (-) 160,159 (b-a) = C
Deferred Tax Liability Net Rs 41,241 ( 25.75% of c )
But the CA has calculated as of Rs 40,082

Please guide and let me know which one is correct ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 April 2021 It should be 41641(26% of c) 4% cess applicable.
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CA Puja Sharma

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CA Puja Sharma (Expert)
24 April 2021 It will be deferred tax assets as per my opinion because there is less depreciation in IT Act.



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 April 2021 yes, it's a deferred tax asset.

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