Depreciation on assets for sbi

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 April 2013 Dep. On assets of sbi bank should be booked as per companies act or as pr income tax act..........m confused! Plz reply.........

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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29 May 2013 If it is a company then as per companies act but if it is a proprietorship or partnership then as per Income Tax Act

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