Differed tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2013
Sir,
for one of my company i am following WDV of depreciation method for both IT act and Companies(as per books) act. My doubt is there any differed tax liability/Asset is arising when i follow this method?.
for one of my company i am following WDV of depreciation method for both IT act and Companies(as per books) act. My doubt is there any differed tax liability/Asset is arising when i follow this method?.
02 July 2013
Yes. deferred tax assets or liability arise based on the percentage of depreciation allowed under both acts.
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