hi friends,
for the purpose of calculating FBT on car depriciation charged for the year needs to be taken, right.
my Q is DEPRICIATION should be taken as per INCOME TAX act OR as per COMPANIES ACT.
looking forward for your help
santosh (article) (77 Points)
25 July 2007hi friends,
for the purpose of calculating FBT on car depriciation charged for the year needs to be taken, right.
my Q is DEPRICIATION should be taken as per INCOME TAX act OR as per COMPANIES ACT.
looking forward for your help
CA.Mkhandelwal
(Practice)
(156 Points)
Replied 25 July 2007
Arul Prabu
(Chartered Accountant)
(53 Points)
Replied 25 July 2007
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