Interested to Buy Any Domain ? << Click Here >> for more details...
As there is a two types of rates of depreciation i.e as per
Income tax Act & As per Company Law.But, in accounting
process which of these rates should be taken ?
- 1 Answers
- 4559 Views
- NTPC, I also Faced
- E-Mail Answers
Answer / h.r. sreepada bhagi
In case of a Company, depreciation has to be charged on
Fixed Asses in the books of accounts as per the provisions
of the Companies Act, 1956.
For Computation of Taxable Income, depreciation has to be
calculated as per the provisions of Income Tax Act, 1961.
For all non-corporate entities, depreciation has to be
calculated as per the Income Tax Act, while computing
Taxable Income.
| Is This Answer Correct ? | 8 Yes | 0 No |
How do you maintain accounting accuracy?
what is liability
how many type of vat
What is bond ? What is capital market?
what are the document that get created in procurement to pay process ?
The main financial accounting statements?
If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details
HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST IN CC A/C ?
What is a Goods Receipt
what is journal entry in the transferee company book in the case of amalgation
how to individual capital account.
Which type of transactions are used in TallyJournal?
Audit 
