Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2014
Dear Sir,
I want to not charged depreciation on fixed assets it is possible as per companies act,1956 while preparing the Balance sheet.Please suggest me
Thanks
Vinod
I want to not charged depreciation on fixed assets it is possible as per companies act,1956 while preparing the Balance sheet.Please suggest me
Thanks
Vinod
13 March 2014
If the depreciation is not charged in the books then the balancesheet of the company is not a true and fair view.
So according to my knowledge and understanding my view is charging of depreciation in books according to the rate prescribed under companies act 1956(2013) is compulsory in the case of company assessee.
OM SAI SRI SAI JAI JAI SAI
So according to my knowledge and understanding my view is charging of depreciation in books according to the rate prescribed under companies act 1956(2013) is compulsory in the case of company assessee.
OM SAI SRI SAI JAI JAI SAI
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2014
Thanks Sir please provide section no for references in which section written mandatory charged depreciation on fixed assets.
04 October 2021
Yes, whether used or not, value of assets get reduced & hence charging depreciation is mandatory.
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