Prior period depreciation
This query is : Open
Guest
Guest
(Querist)
17 April 2012
What is the treatment of prior eriod depreciation in the books of accounts??.. Do we get deduction of prior period dereciation??
17 April 2012
As per AS -5 Prior period Item should be disclosed separately in such a manner their impact in current P/L Perceived okay
So Prior period Depreciation show separately
in P/L ok.. As per Income Tax act prior period item are disallowed
So Prior period Depreciation show separately
in P/L ok.. As per Income Tax act prior period item are disallowed
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