Regarding ICDS V

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

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....d 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 al....

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....lowed 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 IC....

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