Depreciation
This query is : Resolved
13 June 2013
dear experts,
i am an accountant for software company the company was incorporated on 13/12/12 and my query is i didn't posted depreciation entries for that i need to calculate the depreciation on assets so how to calculate the depreciation on assets what are the rates are available present now and which system should i follow to charge the depreciation please give me the solution for this problem.
i am an accountant for software company the company was incorporated on 13/12/12 and my query is i didn't posted depreciation entries for that i need to calculate the depreciation on assets so how to calculate the depreciation on assets what are the rates are available present now and which system should i follow to charge the depreciation please give me the solution for this problem.
13 June 2013
dear sir
depreciation rate are diff. under income tax act & company law
assets wise rates are diff.
for expample.
for software 25% under income tax
for computer undr incomet tax 60% and under company act 40% under WDV
depreciation rate are diff. under income tax act & company law
assets wise rates are diff.
for expample.
for software 25% under income tax
for computer undr incomet tax 60% and under company act 40% under WDV
17 June 2013
Thanks you for ur reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR9- ITC
- Audit of F and O T/O
- GST 9- Table 8
- REVENUE RECOGNITION AS PER IND AS 115
- RCM on GTA Services
- How to update Transaction data in broker samco account holding after transfer shares KARVY
- Applicablity on tds
- Unable to generate and save json file for updated return
- GST payable under RCM
- WRONGLY UPLOADED 10IF FOR COOPERATIVE SOCIETY
- Related to Rate of Depreciation
- Mismatch of Sales Invoice in GSTR-1
- Query on Mismatch of Sales Invoice in GSTR-1
- Import purchase entry
- Rule 54(1A) for Distributing ITC
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
CAclubindia
