Depreciation
This query is : Resolved
geethanjali
(Querist)
22 February 2013
If a company while filing its ITR, made an error regarding calculation of Depreciation in book. I.e it changed its method and rate of depreciation what are the consequences? how can it rectify the same?
CA Suraj Lakhotia
(Expert)
22 February 2013
As far as income tax act is concerned there is only one method of calculation of depreciation. Change in method of depreciation in book will not affect the ITR.
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