Depreciation in tally

Accounting Entries 1662 views 3 replies

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

with rgard

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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