What will be the Deprecation Rate as per Companies Act 1956 (i.e. for FY 2013-14) for Shunt Capacitor. As per Income Tax Act its 80%. Please guide
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Depreciation under income tax act & company act
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What will be the Deprecation Rate as per Companies Act 1956 (i.e. for FY 2013-14) for Shunt Capacitor. As per Income Tax Act its 80%. Please guide
| Originally posted by : V P Narasimhan | ||
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The use of Depreciation under Income tax is to derive the Deffered Tax Liabilityor Asset . The difference between Companies Act Vs Income tax lead to consider Deffered Tax |
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