Depreciation
This query is : Resolved
ajit kumar jain
(Querist)
02 March 2012
Is it compulsory for company to provide depreciation every year whethere the company earns profit Or not.
CA. Hari Kishan
(Expert)
02 March 2012
Provision for deprecation is compulsory and there is no option of not charging.. so irrespective of profit or loss , depreciation is required to be provided for.
CA.rajni kalsariya
(Expert)
02 March 2012
yes as per the provision it is compulsory to provide dep. even in case of loss.
02 March 2012
Under both the companies act and the income tax act depreciation has to be accounted for.
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