Depreciation
Vikramjit Singh Vicky (B.com) (1 Points)
09 December 2019
Provisions regarding depreciation
3 Replies
Kapadia Pravin
(17264 Points)
Replied 11 December 2019
It's not a provision. It's a charge to assets and goes to P&L Account.
Any specific issue, raise it clearly
Any specific issue, raise it clearly
Shivam RC
(Student)
(23683 Points)
Replied 14 December 2019
Depreciation is a charge against Profit. It is showed in the debit side of the P&L A/c.
Refer Section 32 of the Income Tax Act 1961 to know more about the Provision of Depreciation.
Refer Section 32 of the Income Tax Act 1961 to know more about the Provision of Depreciation.
Recent Topics
- Exmepted goods filed under zero rate goods
- ITR2 for 2025-26 AY CSV file
- ITR 2 upload null error
- ITR-2 has been added today to the Offline Common U
- ITR 2 online filing AY 25-26
- LTCG after 24 july 2024
- Clarification on Interest u/s 234c being charged
- Schedule VI-A enabled, but deductions like 80TTB f
- Landlord approval for 26QC correction
- IGST ITC on Import shipment landed on other state
Related Threads
Trending Online Classes
CAclubindia
