Deferred tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2012 please guide me that if we are calculating Deferred Tax then while taking Written down value as per companies act and as per income tax act then the value of fixed asset under income tax act is to be considered at book value or at the revaluation value as we r taking revalued amount of fixed assets under companies act.

Ca Anand Dubey

Ca Anand Dubey (Expert)
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06 June 2012 the value under incometax act will be taken

Ca Anand Dubey

Ca Anand Dubey (Expert)
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06 June 2012 the value under incometax act will be taken

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Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2012 Sir whether we need to take revalued value under income tax act or not as we are taking revalued amount of fixed asset in books under companies act