Deferred tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 September 2011 if in a Organisation Fixed Assests Scedule opening and Closing balance is nil as per Companies Act & income Tax, can we calculate the Deferred Tax. Plaese Advise me

12 September 2011 deffered tax has nothing to do with the closing balance of assets, it is related to difference in depreciation.



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