depreciation
This query is : Resolved
25 November 2008
what would be the depreciation as per the companies act, 1956 and as per Income Tax Act, 1961 (60% - to confirm) with regards to the books (business of running library).
26 November 2008
As per income tax act,1961 the rate is 100%. Pl refer rule 5 appendix-1 part A clause 111 (99) (ii).
26 November 2008
thank you mr.warrier. If you can help me as to what would be the rate of depreciation on books (business of running library) as per the companies act.
26 November 2008
My personal view is 13.91% under WDV method or 4.75% under SLM.
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