Companies act v/s incometax act

Siddharth (Thinker) (267 Points)

12 September 2013  

What are the main differences between Companies Act and the Income Tax Act that lead to a Deferred Tax Asset or Liability?

For eg: Depreciation Rates differ, Preliminary expenses etc.

Can any1 give me a detailed insight on the above with the Rates and all the Differences?

Thank you in Advance,

Siddharth.S