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Depreciation on tangiable assets

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20 July 2014 Can a Company choose to charge Depreciation as per the Income Tax Act in their Books of Accounts and Not as per the Companies Act ?? If yes, what are the Formalities required to be complied with.

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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
20 July 2014 no as its mandatory to provide dep as per co act only and only for income tax act u need to opt for income tax depn rates only.
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