Depreciation
This query is : Resolved
17 September 2010
Respected All,
Please give your views:
A private limited company has only one fixed asset which is an immovable property building.
Is it compulsory to charge depreciation on this as per Companies act or Accounting standards
Regards
Please give your views:
A private limited company has only one fixed asset which is an immovable property building.
Is it compulsory to charge depreciation on this as per Companies act or Accounting standards
Regards
17 September 2010
Whether there is one assets or 1000 is is compulsory to charge Dep. Without charging Dep your co can't eligible for any Dividend and your accounts does not considered True & fair.
18 September 2010
thanks for the reply.
But the company does not pays dividend or managerial remuneration.
In that case is it compulsory
But the company does not pays dividend or managerial remuneration.
In that case is it compulsory
18 September 2010
yes. compulsory
21 September 2010
Hi Jyoti, after enactment of Companies (Accounting Standard) Rules, 2006, AS become part of cos. Act. Hence it is compulsory for every co. to follow AS. Previously it was just sec. 205, but now, scenerio has changed.
Regards, CA Shakuntala Chhangani
Regards, CA Shakuntala Chhangani
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- Annual return in Gst
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
