Depreciation entry in books of accounts as per it act
This query is : Resolved
Dhiraj kumar
(Querist)
30 August 2013
Dear Sir,
I have seen many of firm pass depreciation entry in their books of accounts as calculated under section 32 of the Income Tax Act to avoid mismatch of depreciation .
But as this treatment is not explained in As-6.
Is this right approach!!
Waiting for the earliest
Thanks & Regards
Dhiraj Kumar
I have seen many of firm pass depreciation entry in their books of accounts as calculated under section 32 of the Income Tax Act to avoid mismatch of depreciation .
But as this treatment is not explained in As-6.
Is this right approach!!
Waiting for the earliest
Thanks & Regards
Dhiraj Kumar
CA Parul Saxena
(Expert)
30 August 2013
Yes company may adopt such practices
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