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Depreciation

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(Querist)
13 November 2013 There is a company having Softwares as there Fixed Assets. How to charge depreciation on it as per companies act.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
14 November 2013 charge in the same manner as you do for other assets:

depreciation rate:

WDV : 40%

SLM : 16.21%
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
14 November 2013 agree with expert, 40 percent as per companies act and 60 percent as per Income tax act...
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
15 November 2013 company act & income tax act Tax rate is 40 & 60 percent respectivelly

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