Depreciation

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Naveen.P_VnV (Querist)
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23 April 2008 Dear Sir

Please can u let me know what is the Fixed Assets depreciation rate as per Companies act.

Naveen.

Naveen.P_VnV

Naveen.P_VnV (Querist)
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23 April 2008 Dear Sir

Please can u let me know what is the Fixed Assets depreciation rate as per Companies act.

Naveen

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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23 April 2008 https://www.fams-software.com/Resources/DepCoAct.rtf

Plz check above link

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Naveen.P_VnV

Naveen.P_VnV (Querist)
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23 April 2008 Thank Youuuuuuuuuuuu

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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24 April 2008 Already answered

:-)

Naveen.P_VnV

Naveen.P_VnV (Querist)
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25 April 2008 Dear Sir

From When The depreciation is Calculated i.e as on when it is purchased or as on when it is put in Use

And What is the Depreciation rate for Photocopying Machine as per IT Act and As per Companied Act.

Naveen.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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26 April 2008 If you have some proof that from when you have started using the asset then definitely it will be the date when it is put to use but in maximum cases because it is not possible to find out the put to use date, assessees are applying the date of purchase/ delivery note date.
You have to use Company's Act rates is your concern is a company whether a pvt ltd or a ltd., but if you have another type of concerns like proprietorship then you may opt for any one consistently.
But for the purpose of income tax return, you have to re-calculate your profit and loss using depreciation rates as per Income Tax Act.

Naveen.P_VnV

Naveen.P_VnV (Querist)
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28 April 2008 THANK YOU

Naveen.P_VnV

Naveen.P_VnV (Querist)
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28 April 2008

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