JAGANATHAN R ACMA, SAP(Fi-Co) (Manager Accounts and Finance) (915 Points)
18 September 2013Hai.,
I have to book the depreciation in tally which depreciation I will book in tally whether company act or income tax act
what are main entries relation to Tax
how to arrive the stock value
with rgard
pankaj_var
(38 Points)
Replied 18 September 2013
depreciation in accounts of company (tally) will be as per companies act. regarding entries for tax, u need to provide for tax liability for the year.
Samrendra
(Asst. Manager- Internal audit)
(221 Points)
Replied 19 September 2013
IF Books of Account is of Company than charge depreciation as per Companies Act otherwise you have option to charge depreciation under any Act.
William Peter.a
(CA Final )
(179 Points)
Replied 19 September 2013
Dep in tally should be provided as per companies act .
CAclubindia
