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Depriciation

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13 March 2013 Dear all
Please suggest is this compulsory for a company to charge depr. as per companies act rate or a company can charge depr. as per income tax act also.
Please elaborate.

13 March 2013 In companies Act, minimum rate is prescribe for depreciation, so use can charge depreciation as per Income Tax Act..for avoidance of complexity...

Regards,
Neha Chauhan

15 March 2013 Dear mam,
it means there no consequens of not charging depr. as per companies act.


20 March 2013 yes in companies act..minimum rates for depreciation is prescribe....

20 March 2013 ok thank u very much mam



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