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author's profile photo Former Member
Former Member

depreciation issue

hi gurus,

i have one issue,i.e,comanies act follows the book depreciation,income tax act follows the income tax depreciation,is every companies act goes to the WDV method.

regards

jana

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Nov 03, 2008 at 05:26 AM

    Hi

    For Books depreciation and tax depreciation you have different depreciation areas and you can define rules differently for each deprn area

    Regards

    [Virendra Malik|http://www.linkedin.com/pub/6/b53/549]

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 03, 2008 at 06:03 AM

    thank u for your reply,

    can you explain the basic diff b/n companies act and income tax act.

    regards

    jana

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 03, 2008 at 10:03 AM

    got

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