RESIDUAL VALUE

152 views 1 replies
A building has a value of RS.10,00,000 and the expected residual value is Rs.10,000,on what value i should calculate depreciation for a private company (9,90,000 or 10,00,000). answer required for both depreciation as per COMPANIES ACT and income tax act
Replies (1)
as per income tax act, 10% depreciation on1000000
as per companies act, depends on method of depreciation


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register