Depreciation in case of interim financial reporting
This query is : Resolved
29 December 2009
How depreciation under IT actis calculated in case of interim financial reporting.
i.e. if accounts are prepared for 9 months period of a listed company as required under listing agreement then what rate should be used to calculate depreciation under income tax act.
Since depreciation calculation is required for deferred tax calculation.
whether the rate will be as under-
Full Rate * 9/12
i.e. if accounts are prepared for 9 months period of a listed company as required under listing agreement then what rate should be used to calculate depreciation under income tax act.
Since depreciation calculation is required for deferred tax calculation.
whether the rate will be as under-
Full Rate * 9/12
30 December 2009
Not less than Schedule fourteen of Act
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