Depreciation
This query is : Resolved
Mayur Ejrekar
(Querist)
26 February 2015
Which rate of depreciation is charged on assets in the books of accounts? as per IT act or Cos Act?
26 February 2015
In books of Companies depreciation is charged as per Companies Act.
26 February 2015
for general purpose financila statements its always charged as per companies act 2013.
for income tax purpose as per rates mentioned under income tax act,1961
for income tax purpose as per rates mentioned under income tax act,1961
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