Difference in depreciation rate in 2 acts
This query is : Resolved
14 April 2013
y depreciation is charged at different rate in income tax act and in companies act.
15 April 2013
One of the basic difference in income tax depreciation calculation and companies act depreciation other than rates of depreciation is method of calculation. Under income tax only written down value method Whereas under companies act depreciation can be calculated on Straight line method or Written down value method (SLM Method or WDV Method).
That's why there is change in the rate of depreciation
That's why there is change in the rate of depreciation
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