Deprication charge

This query is : Resolved 

29 January 2009 Hi,

Please guide me weather depreciation is charge in a company on the basis of income tax act or companies act. which system do the accountant follow.

29 January 2009 it is as per companies act in books of accounts.

29 January 2009 Continuing Mr.Jitender, request to refer schedule xiv of The Companies Act,1956.


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