Poonawalla fincorps
Poonawalla fincorps

Depreciation

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(Querist)
24 September 2014 if a company doesn't want to show depreciation in their books can they do so??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 September 2014 the ans is no as its mandatory to charge depreciation and there is no option for same
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 September 2014 No you can not. Not charging depreciation will inflate your profit and there will be question mark over true and fair view and reliability of accounting statements.
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