Depreciation in books
This query is : Resolved
Guest
Guest
(Querist)
15 August 2011
in case of company..depreciation is debited in books adopting Companies Act.... but can the rate be of IT Act & not Company Act
15 August 2011
Companies Act is minimum you can charge as per IT act also but keep in mind the provisions of section 205 and 350 of the companies act which means while declaring dividend you have to recalculate the same only as per the companies act
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