Hai.,
I have to book the depreciation in tally which depreciation I will book in tally whether company act or income tax act
what are main entries relation to Tax
how to arrive the stock value
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Depreciation in tally
Replies (3)
depreciation in accounts of company (tally) will be as per companies act. regarding entries for tax, u need to provide for tax liability for the year.
IF Books of Account is of Company than charge depreciation as per Companies Act otherwise you have option to charge depreciation under any Act.
Dep in tally should be provided as per companies act .
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