Company Law Deprication
This query is : Resolved
29 November 2007
Hi all,
Can anyone let me know the following query on depriciation:
One of a company is not showing Depriciation for last 3 years whereas it has a fixed asset base of a value of ~ INR 20 lacs.
Although as per Companies Act, Section 205 makes it compulsory to charge depriciation before declaring dividend but as company doesnt declare dividend so this section is not applicable.
1.Is that possible to not charge depriciation on F.A.
2.What is FORENSIC ACCOUNTING
Can anyone let me know the following query on depriciation:
One of a company is not showing Depriciation for last 3 years whereas it has a fixed asset base of a value of ~ INR 20 lacs.
Although as per Companies Act, Section 205 makes it compulsory to charge depriciation before declaring dividend but as company doesnt declare dividend so this section is not applicable.
1.Is that possible to not charge depriciation on F.A.
2.What is FORENSIC ACCOUNTING
29 November 2007
Forensic Accounting is the combination of the Accounting, Auditing and Investigation skills
http://www.indiaforensic.com/index.html
THE ABOVE WEBSITE PROVIDES INFORMATION ABOUT THE FOLLOWING COURSES OFFERED ON THE SUBJECT.
Certified Bank forensic Accounting
Certified Anti-Money Laundering Expert
Certified Forensic Accounting Professional
SEC 205 SAYS NO DIVEDEND SHALL BE DECLARED OR PAID EXCEPT OUT OF PROFITES ...ARRIVED AT AFTER PROVIDING DEPRECIATION....
205 (c) says only central govt. may permit for declaring... dividend without providing depreciation.
The general priciples of accountancy say that
1. if capital work is in progress and
2.if an asset is not commissioned , no dep. needs to be charged.
R.V.RAO
http://www.indiaforensic.com/index.html
THE ABOVE WEBSITE PROVIDES INFORMATION ABOUT THE FOLLOWING COURSES OFFERED ON THE SUBJECT.
Certified Bank forensic Accounting
Certified Anti-Money Laundering Expert
Certified Forensic Accounting Professional
SEC 205 SAYS NO DIVEDEND SHALL BE DECLARED OR PAID EXCEPT OUT OF PROFITES ...ARRIVED AT AFTER PROVIDING DEPRECIATION....
205 (c) says only central govt. may permit for declaring... dividend without providing depreciation.
The general priciples of accountancy say that
1. if capital work is in progress and
2.if an asset is not commissioned , no dep. needs to be charged.
R.V.RAO
29 November 2007
Forensic Accounting
Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court.
Investopedia Says:
Forensic accountants are trained to look beyond the numbers and deal with the business reality of a situation. They are frequently used in fraud cases
Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court.
Investopedia Says:
Forensic accountants are trained to look beyond the numbers and deal with the business reality of a situation. They are frequently used in fraud cases
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