Legal Necessity of Provision for Depreciation

dheeraj kr singh , Last updated: 13 January 2009  
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On account of the provision under section 205 that, no dividend shall be declared except out of profits arrived at after providing for depreciation in accordance with the provisions of the Act, it has become obligatory for every company distributing dividend to make a provision for depreciation.

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dheeraj kr singh
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Category Income Tax   Report

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