Company Law Deprication

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vipan (Querist)
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29 November 2007 Hi all,

Can anyone let me know the following query on depriciation:

One of a company is not showing Depriciation for last 3 years whereas it has a fixed asset base of a value of ~ INR 20 lacs.

Although as per Companies Act, Section 205 makes it compulsory to charge depriciation before declaring dividend but as company doesnt declare dividend so this section is not applicable.

1.Is that possible to not charge depriciation on F.A.

2.What is FORENSIC ACCOUNTING

R.V.RAO

R.V.RAO (Expert)
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29 November 2007 Forensic Accounting is the combination of the Accounting, Auditing and Investigation skills
https://www.indiaforensic.com/index.html

THE ABOVE WEBSITE PROVIDES INFORMATION ABOUT THE FOLLOWING COURSES OFFERED ON THE SUBJECT.
Certified Bank forensic Accounting

Certified Anti-Money Laundering Expert

Certified Forensic Accounting Professional

SEC 205 SAYS NO DIVEDEND SHALL BE DECLARED OR PAID EXCEPT OUT OF PROFITES ...ARRIVED AT AFTER PROVIDING DEPRECIATION....

205 (c) says only central govt. may permit for declaring... dividend without providing depreciation.

The general priciples of accountancy say that
1. if capital work is in progress and
2.if an asset is not commissioned , no dep. needs to be charged.
R.V.RAO

Late CA Sampat Jain

Late CA Sampat Jain (Expert)
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29 November 2007 Forensic Accounting
Forensic Accounting utilizes accounting, auditing, and investigative skills to conduct an examination into a company's financial statements. Thus, providing an accounting analysis that is suitable for court.

Investopedia Says:
Forensic accountants are trained to look beyond the numbers and deal with the business reality of a situation. They are frequently used in fraud cases

vipan

vipan (Querist)
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30 November 2007 Thanxs

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