Regarding ICDS V

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Regarding ICDS V
Query (Issue) Started By: - RAJEEV JAIN Dated:- 1-10-2017 Last Reply Date:- 1-10-2017 Income Tax
Got 1 Reply
Income Tax
In case of Company Assessee, Depreciation is charg .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ed in books as per rate /useful life mentioned in Companies Act but in Income Tax Act, it is allowed as per WDV method and specified rate of depreciation. ICDS V also says that depreciation shall be a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... llowed as per Income Tax Act. Hence, Should we declare the difference between depreciation charged in boks (as per Companies Act) and Income Tax Act as adjustment on profit because of deviation from I .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... CDS in Tax Audit and ITR or not? Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my view yes
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X