Deffered Tax

Ajnas (Student) (844 Points)

24 July 2020  
depreciation is calculated as per income tax in accounts and in 32 depreciation, but in the current year there is cash purchase of asset Rs.15000 in the current year so such cost not considered as actual cost in the income tax, in such case there is difference between book value and income tax wdv value, there is any need to create deffered tax in this situation?