depriciation

This query is : Resolved

himansu kumar samal (Querist)
Follow

17 January 2011 Where depriciation schedule of erlier years not available as per income tax act,but only company depriciation schedule of earlier years available. then how can i charge depriciation as per income tax act in current year?i am working on a company which return is not filed for 5 years.please help me as soon as possible.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

17 January 2011 You may furnish the headings under which assets are lying and the years for which you require the rates. Caclub experts will provide you the rates of Depreciation.

Guest

Guest (Expert)

17 January 2011 It is not 100% correct but you can go 5 years back and get the W.D.V. of last 5 years as per Incometax Act on 5 years old WDV as per Companies Act and then calculate depreciation for the current year.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Vishal Kapadiya

Prashant Kotecha

Rajesh

Akash Sawant

JACOB ABRAHAM KURIALANICKAL

Subscribe Now

depriciation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

CA Final

GST CONSULTANT

Senior Executive

Accountant

GST CONSULTANCY