What shall be implications or consequences if in financial statements of companies depreciation data is not provided as per Companies Act, 2013.
companies
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depreciation
Dear Members,
Can a company provide depreciation on motor cars at a rate less than mentioned in Schedule II.
Thanks.
depreciation
Hello,
Is it possible to change the accounting policy of the Company and take the higher rate of depreciation between the Income Tax Act and Schedule II of Companies Act 2013 ?
The rate of depreciation shall be determined on the basis of the useful life of an asset in Companies Act.
A suitable justification would be provided while doing the amendment in accounting policy.
The reason for doing so is to set aside the obvious deferred tax asset/liability which is a future thing and make the financials look more actual than before.
Opinions are invited in this regard please.
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depreciation
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How is the formula derived for depreciation as per WDV method under Companies Act, 2013?
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Why is the law not amended to have uniform policy for depreciation under both the acts (income tax act and companies act) in India?
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uniform
I filed a belated return for the A.Y 2018 - 2019 with a business loss due to Unabsorbed depreciation. Can I carry forward the respective unabsorbed depreciation in the current A.Y 2019 - 2020?
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unabsorbed
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Why do we use depreciation as per the Companies Act?
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depreciation
What is the difference between depreciation as per income tax act and as per companies act 2013?
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What are the implications as per the IT acts and company acts, if a company doesn't want to charge depreciation? Will the IT department allow a non charging of depreciation?
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want
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What is the depreciation of a retired asset as per Companies Act 2013?
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What is the applicable Rate of Depreciation under Income Tax Act, 196 and under Schedule II of the Companies Act, 2013 on Mobile Phone??
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mobile
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What are the categories included in the Factory Building to claim Depreciation under SLM?
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depreciation
