Rete of depriciation on computer

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2012 Plz tell me the revised rate of depreciation on computer as per revised schedule XIV of companies act 1956. on the base of W.D.V. and S.L.M. separately. with links

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 June 2012 Companies Act, 1961???

Rate of Depreciation on Computers as per Companies Act, 1956--

W.D.V. 40%
S.L.M 16.21%

As per Income Tax Act, 1961 its 60%

Rate of Depreciation as per companies Act---

http://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2012 plz give the latest notification

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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21 July 2025 As per the Companies Act, 1956, under Schedule XIV (prior to the Companies Act, 2013), the rate of depreciation on computers was:

📌 Depreciation Rates on Computers (Schedule XIV – Companies Act, 1956):
Asset Type Method Rate
Computers and Software WDV 40%
SLM 16.21%

📝 Notes:
WDV (Written Down Value) is higher due to compounding effect.

SLM (Straight Line Method) spreads the depreciation evenly over the useful life.

These rates were standard across most industries under the Companies Act, 1956.

🔗 Useful Reference (Archived Sources):
While the Companies Act, 1956 has now been superseded by the Companies Act, 2013, you can still find old Schedule XIV references from sources like:

MCA website (archived)

Legal & finance portals (e.g., TaxGuru, CAclubindia)

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