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Depreciation

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(Querist)
12 November 2008 Hi, please reply this case:
"A regular loss making company (since 4 year)dont want to charge depreciation this year, what will be its treatment in P/L and Balance sheet and computation as per Companies Act/Income Tax Act" plz suggest
thanks
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Deepak Agrawal

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Deepak Agrawal (Expert)
12 November 2008 It is mandatory to charge depreciation irrespective of losses.

So no seperate enteries.
Regular depreciaiton need to provided as per Companies Act / Income Tax Act & normal enteris needs to be passed
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Deepak Agrawal

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Deepak Agrawal (Expert)
12 November 2008
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Deepak Agrawal

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Deepak Agrawal (Expert)
12 November 2008 It is mandatory to charge depreciation irrespective of losses.

So no seperate enteries.
Regular depreciaiton need to provided as per Companies Act / Income Tax Act & normal enteris needs to be passed....
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Shahid

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Shahid (Querist)
13 November 2008 Thankyou very much sir.

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