Will it be fine if private Ltd Company do not follow
depreciation rate as per The Companies Act,1956 & follow
Depreciation Rates as per Income Tax. Also is it necessary
to claim VAT Setoff on Asset Capitalised only after some
percentage of retention.
Answer / j praveen raja
Will it be fine if private companies Annual Income statment
and finanical statment should based on companies Act 1956.
depriciation also should follow as per given under shedule
of companies act. if the companies do not follow the
depricition rate as per companies act. the company can
claim vat 50% on total value in first six month and
remaining 50% can be claim in subsequent six month
Is This Answer Correct ? | 5 Yes | 5 No |
What's are difference between Capital Reserve & Reserve Capital ?
How will you calculate impairment of assets of a software company?what is the necessary steps briefly describe?
whether postpaid telephone expenses can be taken under prepaid expenses when advance payment made by a/c payee cheque for the month of march.
3 Answers Agarwal Associates, UHG,
What do you know about KPMG?
what is mean by misc- assets?
What would you do if a member of your audit team was under performing?
Had I imported two items one is custom duty free and another is with custom duty. Whether I can sell the custom duty free item with the custom duty or not.
what is the bank reconcilation
What was your most rewarding accomplishment of your career and why
what is the debit and credit
During the time of Audit which matters will be kept in mind?
internal audit