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
Menu
Depreciation under income tax act & company act
| Originally posted by : V P Narasimhan | ||
 |
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 |
 |
Recent Threads
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
Related Threads
CAclubindia
