Depreciation
This query is : Resolved
03 December 2008
is Depreciation can be adjusted with share application money when in last few years no depreciation has been charged and company has no Retained earnings. (and also if company take the court approval to do so).Advice us.
03 December 2008
it can't be done as . if dep was not provided then provide now as prior period exp and show negative balance of p & l a/c.
03 December 2008
It is not possible to adjust the depreciation as such.
You can calculate the dep. for the previous years and treat that dep. as prior period expenses (Show separately in financial statement ) and disallowed while computing the taxable income
You can calculate the dep. for the previous years and treat that dep. as prior period expenses (Show separately in financial statement ) and disallowed while computing the taxable income
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- NRI starting business in India
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- GST not cancelled by tenant
- FORM 141 SDV query
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Cash balance limit and property purchases limit
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
