Pls guide me how should i calculate depriciation on fixed assets as per income rax and as per company act and what amt should i transfer to profit and loss account i.e depriciation as per income tax or as per company act.
pls send me the depriciation chart as per income tax and as per company act.
28 March 2009
if the person is company then only Companies Act rates apply if its other than company then the rates specified by the specific regulation is to be used. in case of followings the Income Tax Rates should be applied
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