29 January 2016
I have a seminar on the topic " Difference between Income tax depreciation and Book depreciation". Please help me by giving information on that topic.
01 February 2016
Tax depreciation is the depreciation that can be listed as an expense on a tax return for a given reporting period under the applicable tax laws. It is used to reduce the amount of taxable income reported by a business. Depreciation is the gradual charging to expense of a fixed asset's cost over its useful life.
CAclubindia
