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Differed tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2013 Sir,

for one of my company i am following WDV of depreciation method for both IT act and Companies(as per books) act. My doubt is there any differed tax liability/Asset is arising when i follow this method?.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 July 2013 Yes. deferred tax assets or liability arise based on the percentage of depreciation allowed under both acts.

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