Depreciation on tangiable assets
This query is : Resolved
20 July 2014
Can a Company choose to charge Depreciation as per the Income Tax Act in their Books of Accounts and Not as per the Companies Act ?? If yes, what are the Formalities required to be complied with.
Thanks
Thanks
20 July 2014
no as its mandatory to provide dep as per co act only and only for income tax act u need to opt for income tax depn rates only.
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