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Depriciation calulation

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(Querist)
02 June 2016 Dear All,
I have Depreciation has been charged on remaining useful life of the asset based on the book value as on 1st April 2015 in terms of Schedule II of Companies Act, 2013. i e Rs. 12.48 Lakhs and as per Income tax act i e Rs.13.54 Lakhs.
please let me know Dep as per IT act is more than Companies act

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Rupesh Jain

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Rupesh Jain (Expert)
02 June 2016 15% depreciation under income tax and what rate /life of vehile you are taking, deprecation depend on that.
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