G Parthasarathy (Finance Professional) (43 Points)
03 July 2013The depreciation rate for UPS and Printers have been changed to 15% from 60%. I want to know what is
the treatment of depreciation as Company's Act for the same assets. My point is that rate of depreciation may
vary as per Income tax and as Company's Act . But how treatment on block of assets can vary as per Income
Tax Act . How the interpretations can vary? Can any one explain?
CA Deepak Rathore
(EXPERT)
(281 Points)
Replied 03 July 2013
aS PER CO. ACT IT IS 16.21%
dIFFERENCE WILL ADJUSTED THROUGH DTA/DTL
G Parthasarathy
(Finance Professional)
(43 Points)
Replied 04 July 2013
Thanks. My doubt is this. Whether the amendment on depreciation on UPS and PRINTERS are only
for Incometax Act or applicable to Comoany's Act also. Whether depreciation can be calculated as
per Company's Act @ 16.21%
CAclubindia
