Just need a confirmation , about deferred tax calculation on Fixed Asset as per Balance Sheet approach.
The calculation of deffered tax to be made on difference of WDV of asset in books as per Co's Act and Income Tax Act or
on the difference between deprecitation as per books and deprecitation as per IT act.
above the both which will be the correct method to follow for a company?
Well I think all the Companies Following calculation of deffered tax to be made on difference of WDV of asset in books as per Co's Act and Income Tax Act
CA ANOOP P K & ASSOCIATES
Kozhikode
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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