Calculation of depreciation
This query is : Resolved
17 December 2009
Good afternoon friends,
Please guide me, how to calculate depreciation on assets of college run by a trust. Income tax is exempted to this trust. My doubts:
1. Depreciation to be calculated as per company law or income tax act or both.
Praveen
Please guide me, how to calculate depreciation on assets of college run by a trust. Income tax is exempted to this trust. My doubts:
1. Depreciation to be calculated as per company law or income tax act or both.
Praveen
KRISHNA KUMAR R C
(Expert)
17 December 2009
Please clarify the following:-
1) is it a section 25 Company
1) is it a section 25 Company
Murtaza I Bhagat
(Expert)
17 December 2009
I think you have to Follow as per IT Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Depreciation Chart Companies Act
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- TDS on Fixed Assets purchased
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
