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Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2013 In part A - P&L under item 51c (No account case - expenses), should depreciation be included or not? I feel depreciation should not be included under expenses but considered under schedule DEP and through that to Schedule BP item 12. Please advise if I am correct.

CA Parul Saxena

CA Parul Saxena (Expert)
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12 March 2013 Yes depreciation to be included in expenses....under schedule DEP the depreciation is as per income tax act which then be reflected on Schedule BP item 12.

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