can it possible if a pvt. co. apply dep. as per income tax in profit and loss and balance sheet
regards
2 Replies
SkDash
(CS (Member) CWA (Final))
(909 Points)
Replied 31 August 2011
Every co has to follow and apply dep as per companies act schedule and not as per IT Act.
nidhigoel89
(Company Secretary )
(594 Points)
Replied 31 August 2011
Hello
Agreed with view point of Learned Members, In case of companies they necessarily need to follow the schedule XIV regarding Depreciation
Nidhi
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