Depreciation for pvt. ltd. companies
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2012
While preparing final accounts for a Private Ltd Company, do we have any option to opt for the ITax Act Depreciation rates instead of Companies Act, '56 rates?
Guest
Guest
(Expert)
01 September 2012
No, Companies are governed by the provisions of Companies Act, 1956 which stipulate depreciation as per schedule XIV.
It is mandatory to provide depreciation as per Schedule XIV.
Regards
It is mandatory to provide depreciation as per Schedule XIV.
Regards
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
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Form 16 Issues
- SEA GOING ALLOWANCE
- SALES MADE THROUGH E COMMERCE OPERATOR 9(5)
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Treatment of Profit on sale of fixed assets
- Procedure and Documents Required for Release of FD from DVAT
- Transfer of rectification rights to ao
- IGST Refund pending since June 2022.
- CHANGE IN PARTICULARS OF DIRECTOR
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
- REGARDING PERALLEL PROCEEDINGS CAN MOVE TOGETHER FOR SAME MATTER
- SUPPLY TO SEZ UNIT UNDER EPCG LICENCE
- REGARDING TAXABILITY OF ULIPs
- Head office to Branch
Trending Online Classes
CAclubindia
