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Depreciation Accounting
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dep as per income tax act will be 50% since when calculate it when p n m is ready for use
so dep.=165000*15%*50*
dep as per co act would be=13.91%*150000*(days from 15 sept. to 31 march/365)
plus 15000*13.91*(days from 8th oct 2010 to 31st march 2011)
True, as per IT act, dep rate shall be 7.5% & amt 165000. For provisions refer some good book .. n search in PGBP.
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