Depreciation - annuity method

Okay...thanks a lot...

Expenses made for earning income is allowed to set off

As per income tax , we can setoff the expense against income..but as per accounting , we can mention both in plant and machinery account..
like..
1.)depreciation account Dr
to plant and machinery

2) interest on loan account Dr
to loan account

3) plant and machinery ac Dr
to interest on lease account

is it correct???

Yes exactly

Okay...thank you ma'am

Welcome...... Dear ...

Depreciation annuity method is basically not required.

Read the query first @ sabyasachi