Dear All
- In the addition clause it is mentioned that the amount of depreciation is to be added back kindly correct me if it is not as per Companies Act Dep.
- In the deletion clause it was also mentioned that the amount of depreciation is to be deducted (other than on account of revaluation reserve) Here also I am taking depreciation as per Co. Act
- In the same segment it is mentioned that amount of loss (before depreciation) brought forward OR unabsorbed depreciation AS PER BOOKS OF ACCOUNT, whichever is less is to be added back. Now here please correct me whether I should take/consider the amounts as per Income Tax or as per Companies Act.