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Depreciation

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2017 Can a company make Annual Accounts charging depreciation as per IT Act and not as per Company Act
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RAJA P M

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RAJA P M (Expert)
20 September 2017 No... If you are Company. You can deduct as per Company act...
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
20 September 2017 In companies Act 2013 maximum life of assets has been provided thus useful life can be different provided the determination of useful life of depreciable asset on estimate basis and based on various factors and experience




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