Depreciation charged as per income tax act

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 December 2014 in company accounts deprecation was charged as per income tax act which is higher than company tax rates

can auditor qualified the audit report or reporting under sch or notes to accounts is sufficient

if we qualify the report what will be the sentence added in audit report

thanks
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 December 2014 Auditor has to qualify the report with quantification of impact on profit of the company.
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