Depreciation
This query is : Resolved
12 November 2008
Hi, please reply this case:
"A regular loss making company (since 4 year)dont want to charge depreciation this year, what will be its treatment in P/L and Balance sheet and computation as per Companies Act/Income Tax Act" plz suggest
thanks
"A regular loss making company (since 4 year)dont want to charge depreciation this year, what will be its treatment in P/L and Balance sheet and computation as per Companies Act/Income Tax Act" plz suggest
thanks
12 November 2008
It is mandatory to charge depreciation irrespective of losses.
So no seperate enteries.
Regular depreciaiton need to provided as per Companies Act / Income Tax Act & normal enteris needs to be passed
So no seperate enteries.
Regular depreciaiton need to provided as per Companies Act / Income Tax Act & normal enteris needs to be passed
12 November 2008
12 November 2008
It is mandatory to charge depreciation irrespective of losses.
So no seperate enteries.
Regular depreciaiton need to provided as per Companies Act / Income Tax Act & normal enteris needs to be passed....
So no seperate enteries.
Regular depreciaiton need to provided as per Companies Act / Income Tax Act & normal enteris needs to be passed....
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- TDS AND ITR ISSUE
- Journal entry of busniess expenses
- LIC maturity claim whether taxable
- ITR 4 and Bank transactions
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- Bank details not Visible on Traces Portal
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
