Depreciation
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2017
Can a company make Annual Accounts charging depreciation as per IT Act and not as per Company Act
20 September 2017
No...
If you are Company. You can deduct as per Company act...
Ashiwini Ballodia
(Expert)
20 September 2017
In companies Act 2013 maximum life of assets has been provided thus useful life can be different provided the determination of useful life of depreciable asset on estimate basis and based on various factors and experience
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