Depreciation Co Act

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This discussion addresses how to calculate fixed asset depreciation according to the Company Act, using furniture purchased on 15.3.21 as an example. It clarifies that Tax Deducted at Source (TDS) is not applicable to furniture purchases. A link to a downloadable depreciation chart with formulas was provided, though one user reported issues with editing the file due to external links.

jaya

jaya (Querist)

11 June 2025 hi,
just wanted to know, how to calculate the FA depreciation as per co act

suppose we buy Furniture in the 15.3.21, so how to calculate the tds of this?

Ram Avtar Singh

Ram Avtar Singh (Expert)

11 June 2025 Download depreciation chart with formula in Excel by this link: https://www.caclubindia.com/share_files/depreciation-chart-slm-84995.asp
TDS is not applicable on the purchase of Furniture

jaya

jaya (Querist)

14 June 2025 Hi,

thanks for the sheet but its not working as it has some other outer links attached to it so thats why it is not allowing to edit the data..

jaya

jaya (Querist)

14 June 2025 Hi,

thanks for the sheet but its not working as it has some other outer links attached to it so thats why it is not allowing to edit the data..

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