10 lacs and it wished to offer the same volume as provision for tax. It compensated interest to the calendar year and charged depreciation on household furniture and equipment @ 20% p.a. The company amortises Franchise Suitable over a period of 5 decades. Unsold goods on the calendar year end https://company-tax-returns-servi86430.wikimillions.com/2773363/financial_statements_preparation_an_overview