ACCOUNTS
This query is : Resolved
19 January 2021
Depreciation calculation in partnership firm, LLP Partnership firm, & Pvt ltd company
19 January 2021
Depreciation for partnership firm and LLP can be worked out as per income tax act
For companies act depreciation should be calculated as per schedule XIV tax computation worked as per income tax difference in tax should be recognised either deffered tax asset/liability
For companies act depreciation should be calculated as per schedule XIV tax computation worked as per income tax difference in tax should be recognised either deffered tax asset/liability
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