Dep..applicablle

426 views 2 replies

can it possible if a pvt. co. apply dep. as per income tax in profit and loss and balance sheet

 

 

regards

Replies (2)

Every co has to follow and apply dep as per companies act schedule and not as per IT Act.

Hello

 

Agreed with view point of Learned Members, In case of companies they necessarily need to follow the schedule XIV regarding Depreciation

 

Nidhi

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