25 July 2009
If you are not a company assessee, then you can take rates of Income tax. For a company assessee, it is mendatory to take rates of depreciation as specified in Companies Act 1956.
26 July 2009
adding to the above, As an individual, it is advisable for u to take Income tax rates of depreciation, as then u will have to make just 1 Fixed assests Schedule both for books of A/cs and Tax.
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