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
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