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Deferred Tax Liability

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(Querist)
04 February 2011 On what amount we should calculate Deferred Tax Liability--

Whether on the difference of WDV of fixed assets as per Co. Law and as per IT Act, or

on the difference of Depreciation calculated for the year as per Co. Law and as per IT Act ?

I m studying a Balance Sheet of one of our client, In Last Year Balance Sheet DTL has been calculated on the difference of WDV but as per my knowledge it should be calculated on Difference of Depreciation?

Please Give the detail of this aspect.
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Azmathullah Khan

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Azmathullah Khan (Expert)
05 February 2011 Pls refer my file deferred Tax Liability under share file

https://www.caclubindia.com/share_files/deferred-tax-calculation-33344.asp
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