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
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