Legal Necessity of Provision for Depreciation

dheeraj kr singh , Last updated: 13 January 2009 Share Follow on Google News

On account of the provision under section 205 that, no dividend shall be declared except out of profits arrived at after providing for depreciation in accordance with the provisions of the Act, it has become obligatory for every company distributing dividend to make a provision for depreciation.

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dheeraj kr singh

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I may be Walking slowly,but i never Walk backwards Whenever i Walk backwards,its only for a Long Jump Anything i do i enjoy doing it. My philosophy of life is to take each day as it comes and live it to the fullest. I look at life as a journey to be enjoyed and love the little battles it throws up from time to time ... Read more

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