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Depreication

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(Querist)
17 September 2008 Can a Company adopt Depreciation rate as per Income Tax Act to book Depreciation in books of accounts ?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
17 September 2008 Provided that rate is equal to or more than the rates prescribed under companies Act.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 September 2008 May be read as schedule X1V of Companies Act,1956.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
21 June 2010 agree

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