Depreciation
This query is : Resolved
Drashti Kotecha
(Querist)
13 November 2013
There is a company having Softwares as there Fixed Assets. How to charge depreciation on it as per companies act.
Thanks
Thanks
Nikhil Kaushik
(Expert)
14 November 2013
charge in the same manner as you do for other assets:
depreciation rate:
WDV : 40%
SLM : 16.21%
depreciation rate:
WDV : 40%
SLM : 16.21%
CA Pallav Singhania
(Expert)
14 November 2013
agree with expert, 40 percent as per companies act and 60 percent as per Income tax act...
CA BHARATH KUMAR
(Expert)
15 November 2013
company act & income tax act Tax rate is 40 & 60 percent respectivelly
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