banner_ad

Depreciation

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 March 2014 Dear Sir,
I want to not charged depreciation on fixed assets it is possible as per companies act,1956 while preparing the Balance sheet.Please suggest me


Thanks
Vinod
Profile Image

Dintakurthi Tirumala

Profile Image

Dintakurthi Tirumala (Expert)
13 March 2014 If the depreciation is not charged in the books then the balancesheet of the company is not a true and fair view.

So according to my knowledge and understanding my view is charging of depreciation in books according to the rate prescribed under companies act 1956(2013) is compulsory in the case of company assessee.

OM SAI SRI SAI JAI JAI SAI
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 March 2014 Thanks Sir please provide section no for references in which section written mandatory charged depreciation on fixed assets.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
04 October 2021 Yes, whether used or not, value of assets get reduced & hence charging depreciation is mandatory.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details