Depreciation on Companies

It is not mandatory to follow Schedule XIV for every company. The depreciation can be charged at the rates prescribed under section 32 of the Income tax Act but in no case the depreciation so charged should be less than the rates mentioned in schedule xiv of the companies Act, 1956.

when company charge dep as per schedule XIV of thecompany act is mandatory  but when u file return then dep as per company act is dis allowed and  sec 32 of income tax is applied