Depreciaton companies act?????????

Dear PASUPATHY PARAMAGURU,

Since it a Company, whether private or public, the rate of Depreciation under IT act or Companies act are the same. i.e 100%.

However, if the Induvidual cost of the Book is more than Rs. 5000/- , then the rate of Depreciation would be 13.91%.

In your case, assuming the Cost of the Induvidual book is more than Rs.5000/-,

Depn as per IT act - - -  65,442

Depn as per Co act - -    9,103

Deffered tax                     18,592