REGARDING CHANGE IN METHOD OF DEPRECIATION IN PVT LTD COMPANY

suresh s. tejwani (proprietor) (591 Points)

22 January 2022  

AB pvt ltd has 59 lacs depreciation as per SLM method ( as per companies act ) and 45 lacs dep as per income tax , due to which it's total income as per income is 14 lacs . 

Can we change method of depreciation from SLM to WDV ?

If yes , then what about deferred tax asset which is already recorded in books of company ?