Sachin Rajput
(account exe)
(593 Points)
Replied 02 August 2013
for company accounts refer company act while prepare accounts books and for partnership firm & indivual refer income tax act while prepare accouns books.
But remember in company accounts u have to pass deffered tax entery .
Sachin Rajput
(account exe)
(593 Points)
Replied 06 August 2013
first calculate deprecation as per income tax than deprecation as per company act
now
1) if depreciation as per income tax is greater than as per company act
thn passed entry -
Deffered Tax Dr (amount = depreciation @ 30.9%)
To Deffered Tax laibilty
2) if depreciation as per income tax is Less than as per company act
thn passed entry
Deffered Tax Dr
To Deffered Tax Assets
Priya
(Ca Final)
(188 Points)
Replied 06 August 2013
What is rate of depriciation commercial vehicle?? Wchich method to follow for depriciation of individual business ??
Are included Insurance expenses ,RTO expenses in Cost of vehicle ???
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
