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Deferred Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2010 Sir I want to know the treatment of Deferred tax.
Situation is :-
Income tax Companies
WDV 61982 69456
- Dep 9297 Nil
Closing WDV 52685 69456

Last Year Closing Value Shown In Balance Sheet Def. Tax Liability Rs. 2540.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
17 September 2010 As per your example
WDV as per Income tax 61982 dep 9297
Wdv as per Companies 69456 dep nil
how it is possible dep is nil in companies act?
Now we assumed that it may be then
Defferd tax liablity is to be made by Rs.3160 .

Now in Balance Sheet Deffered tax liabiity balance is Rs 5700/-.
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