depreciation
This query is : Resolved
harshit darji
(Querist)
18 August 2016
as we all know that there is difference between the accounting and taxation dep so can i charged my all the assets as per taxation rate b coz if i charged accounting dep then i have to calculate again it on taxation rate....
Amol S Joglekar
(Expert)
18 August 2016
for a sole proprietory and partnership concern, this strategy may work well BUT NOT for company form of organisation.
KAVIRAJA ADDANGADI
(Expert)
18 August 2016
Other than Company you have to Deduct Depreciation as per Income Tax ACT, but companies you have to follow Part "C" of Schedule II of The Companies Act 2013
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