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

PASUPATHY PARAMAGURU (CA FINAL) (286 Points)

05 September 2012  

Pls clarify me,

What is the depreciation rate for the library books (around Rs.65,442), purchased by educational institution (management pvt ltd) registered as Private Limited company, registered under Companies Act,1956.

Rate of dep. as per Income Tax Act???

Rate of dep. as per Companies Act????

or it may be treated as Expenses????