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Deprication charge

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(Querist)
29 January 2009 Hi,

Please guide me weather depreciation is charge in a company on the basis of income tax act or companies act. which system do the accountant follow.
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Jitender

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Jitender (Expert)
29 January 2009 it is as per companies act in books of accounts.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
29 January 2009 Continuing Mr.Jitender, request to refer schedule xiv of The Companies Act,1956.
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