LAWyersclubindia LCI
Login  Register
LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Depreciation for payment of bonus

(Querist) 26 April 2012 This query is : Resolved 
hi all
To work out available surplus whether depreciation we should work out based on companies act what we worked out in financial books or depreciation as per the income tax act . In the same way tax whether what tax provision we have made in financial books of accounts or as per the income tax act.

available surplus = Gross profit - depreciation - income tax - development allowance.
Report Abuse
A V Vishal (Expert) 26 April 2012
As per s.32 of the Income Tax Act.
prabhakar singh (Expert) 26 April 2012
rightly opined.
Raj Kumar Makkad (Expert) 26 April 2012
Nothing to add more.

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!