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Depreciation on printers and ups as per company's act


G Parthasarathy (Finance Professional)     03 July 2013

G Parthasarathy
Finance Professional 
 1 likes  43 points

| My Other Post

The depreciation rate for UPS and Printers have been changed to 15% from 60%. I want to know what is

the treatment of depreciation as Company's Act for the same assets. My point is that rate of depreciation may

vary as per Income tax and as Company's Act .  But how treatment on block of assets can vary as per Income

Tax Act . How the interpretations can vary? Can any one explain?

avater

CA Deepak Rathore (EXPERT)     03 July 2013

CA Deepak Rathore
EXPERT 
 25 likes  281 points

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aS PER CO. ACT IT IS 16.21%

dIFFERENCE WILL ADJUSTED THROUGH DTA/DTL

G Parthasarathy (Finance Professional)     04 July 2013

G Parthasarathy
Finance Professional 
 1 likes  43 points

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Thanks. My doubt is this. Whether the amendment on depreciation on UPS and PRINTERS are only

for Incometax Act or applicable to Comoany's Act also. Whether depreciation can be calculated as 

per Company's Act @ 16.21%

Shaimanaaz Shaikh   22 May 2019

Shaimanaaz Shaikh

 2 points

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Is this 16.21percent for LLP too


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