Depreciation on printers and ups as per company's act

G Parthasarathy (Finance Professional) (43 Points)

03 July 2013  

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?