vivek shah (In service ) 12 July 2011
Hey guys , i just wanna know that is it compulsory for a pvt company to strictly follow SLM method under stat audit .
Secondly is it true that as per income tax audit only WDV method is correct method .
Please confirm the assumption , if incorrect please let me know in brief
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more
CA Hemant Kumar (CA, LLB (p), B.Com) 12 July 2011
No under statutory audit it is not compulsary for a PVt. company to follow SLM only.
as per IT act, only WDV is allowed except the exception which is given in above reply