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Depreciation as per income Tax & Companies Act (Accounts)

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This query is : Resolved

( Author )
30 March 2011

What is the difference between calculation of depreciation as per income tax & Companies Act. ?

If any one has depreciations rates also share with me.

Aditya Maheshwari

( Expert )
30 March 2011

depreciation as per income tax act is on wdv basis excpet for power generation companies and in case of companies act both options are there.

see this link for rates
income tax

companies act


( Expert )
30 March 2011

The only one method of depreciation under tax act is WDV method.
Undertaking engaged in generation or generation or distribution of the asset can depreciate their individual asset on Straight line method.

Option for changing method of Depreciation (SLM to WDV)

The above undertaking can claim depreciation under WDV method on block of asset basis. Such option need to be exercised on or before filing return of income Asseseement relevant to the previous year.

Under companies Act

There is a choice availabe as far as assesee is concerned.He may can adopt SLM or WDV method at the respective rate prescribed under the Act..

Aditya Maheshwari

( Expert )
31 March 2011

Another copy paste of reply. If vivek u are so keen on replying there are many unresolved queries. Try answering them rather than copy pasting the above experts reply and rephrasing it and then posting.


( Expert )
31 March 2011

Aditya thank you for your concern


( Author )
01 April 2011

Thanks Mr. Aditya Maheshwari & Mr. Vivek M



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