Depriciation

Neha Jain (Chartered Accountant) (1085 Points)

18 August 2017

CAR purchased by company on 11.1.2011 at rs 383447, than please reply how to calculate depriciation on it (Calculation sheet please) upto 31.7.17

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Prince kumar (DABAL) (24 Points)
Replied 18 August 2017

the criteria of charging depreciation is different as per Accounting Standard and as per Income Tax act,So firstly clearfy what criteria you want???

Neha Jain (Chartered Accountant) (1085 Points)
Replied 18 August 2017

As per companies act

Prince kumar (DABAL) (24 Points)
Replied 18 August 2017

give me complete data like as useful life,scrap value,and rate of Depreciation of Car and method for calculating the dep.

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