Depreciation accounting

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Sumit (Querist)
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15 May 2013 I am working in IT sector company having Tangible and Intangible assets, I am little confused regarding depreciation for the same.
Do I consider the useful life of the asset or the rules of taxation?
On other hand, Intangible assets are permanent in nature what thing should be taken into consideration while depreciating this sort of assets??
Please revert me..!

Rupesh Jain

Rupesh Jain (Expert)
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29 May 2013 you take useful life of assets under company act'
but for income tax rate use as mention in incoem tax act, 1956

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