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Depreciation

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(Querist)
02 March 2012 Is it compulsory for company to provide depreciation every year whethere the company earns profit Or not.
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CA. Hari Kishan

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CA. Hari Kishan (Expert)
02 March 2012 Provision for deprecation is compulsory and there is no option of not charging.. so irrespective of profit or loss , depreciation is required to be provided for.
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CA.rajni kalsariya

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CA.rajni kalsariya (Expert)
02 March 2012 yes as per the provision it is compulsory to provide dep. even in case of loss.
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anurag

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anurag (Expert)
02 March 2012 Under both the companies act and the income tax act depreciation has to be accounted for.

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