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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2012 is it permissible to provide depreciation as per Income tax act in Statutory Audit Report??? Are Depreciation rate in Co.act are mini. or mandatory to provide depreciation at that rate???
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CA ARIHANT JAIN

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CA ARIHANT JAIN (Expert)
16 July 2012 DEP. RATE IN CO. ACT ARE THE MINIMUM RATE TO PROVIDE DEPRECIATION, ITS NOT MANDATORY.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
16 July 2012 not mandatory
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