Depreciation fund
This query is : Resolved
14 February 2011
Dear Experts,
Can anyone please give details about depreciation fund and what is its treatment in books of a/cs
Thanks in advance
Can anyone please give details about depreciation fund and what is its treatment in books of a/cs
Thanks in advance
14 February 2011
Depreciation fund is created, where assets to be replaced after useful life.
There is no effect on taxation due to creation of depreciation fund, since depreciation is charged under IT as per rate u/s 32.
There is no effect on taxation due to creation of depreciation fund, since depreciation is charged under IT as per rate u/s 32.
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