on 11-03-2008 5:16 AM
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
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
got
thank u for your reply,
can you explain the basic diff b/n companies act and income tax act.
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]
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.