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Company accounts

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2012 Can company adopt different depreciation from income tax for the final balance sheet?
And if yes, what the company have to process the procedure.???
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
04 August 2012 The company can follow depreciation as per companies act 1956.

You have to take the effect retrospectively and take the difference in current year.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
05 August 2012 yes you follow up companies act 1956 depreciation
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