Depreciation calculations for companies is a tedious process. While depreciation for annual accounts is provided as per depreciation rates prescribed in Schedule XIV of the Companies Act, 1956, depreciation for income tax purpose is allowed as per Rule 5 of Income Tax Rules, 1962.
ABCAUS multi calculator automatically computes the depreciation as required under the Companies Act, 1956 and also under Income Tax Rules, 1962.
Available for download under Whts New Section at https://abcaus.in
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