Method of calculating Depn
This query is : Resolved
15 March 2011
how is the computation as per companies act it can be done as same as income tax act or for no of days plz let me know
Jainish shah
(Expert)
15 March 2011
Under companies Act it is based upon no. of days.
Message likes :
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Neeraj Bansal CA
(Expert)
15 March 2011
yaa calculation method is completely different in Companies Act if we compare with Income Tax act.As per companies act , depreciation will be calculated on the number of days basis and in income tax act on the basis of 180 days concept.
Rates are also different
Rates are also different
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