Deferred tax asset & liabilities
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2012
One of the components in deferred tax is difference between depreciation under IT Act (which is always on WDV), whereas in books of accounts depreciation can be under SLM / WDV, etc.
For computation of DTA or DTL, is it necessary to compute depreciation in books under WDV ?
For computation of DTA or DTL, is it necessary to compute depreciation in books under WDV ?
17 November 2012
No need since WDV method is not mandatory.
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