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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
Question
How can I calculate Depriciation on Fixed AND CURRENT 
ASSESTS ?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Depriciation will be as per company law & as per Income tax
law.

Depreciation to be calculated as follows

(aqusition value * no of days * rate of depriciation) / no
of days in year

01.] Here no of days = total year days-aqusition date
(installation date)
02.] rate of depreciation as per company law
 
Is This Answer Correct ?    28 Yes 1 No
Rajesh S.patil
 
Answer
# 2
at the end of Financial year a assets will avail with the
firm then derpriciation charges allow to the assets.
depriciation is use to intence of the assets. its used to
plance & monchinery depriciation allow maximum to the
machinary. for Ex. Truck is used in Tranport 60 %
depriciation & its used a service to our other busined
Depriciation avail 25% per annum
 
Is This Answer Correct ?    5 Yes 3 No
Rajesh
 
 
 
Answer
# 3
There are two types of depreciation rates one under
companies act and another is under income tax the rates are
different for both the acts

however there is Depreciation for current assettes
 
Is This Answer Correct ?    4 Yes 3 No
Srinivas Rao
 
Answer
# 4
THERE ARE NO DEDUCTIONS OF DEPRICIATION ON CURRENT ASSETS

& FOR FIXED ASSET CERTAIN RULES DECIDED BY IT DEP & INFORCED
BY COMPANIES ACT,FOR DEPRICIATION DEDUCTION
 
Is This Answer Correct ?    4 Yes 3 No
Pawan Kumar
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
what do you mean by self-assesment tax &advance tax . hoe it can differentiate?   2
If service tax paid on freight outward for final output, whether it can be set off against excise duty payable on subsequent final product Simran-International 2
what is the present tds rates? PWC 4
what is the difference between real expense and operating expense?   1
1. what is the last date for payment of tds for the month of March? 2.Will the due date differs for each assessment years? if so what is due date for payment of tds for March Month for the Assessment year 2008-09?   2
What is form E-I & E-II ?   3
if a company give salary Rs- 6000 and incentive Rs- 4000 julyy month then TDS will deduct by the company from employee account or not.   2
what is service tax charged in india   1
We are generally give order to the printing company for printing our uniqe file,calender,sovenour,answer sheet,envelop etc, when company submite the bill it charge the bill includes vat@4%, so can we deduct the TDS on total invoice value or only cost amount (exclude the vat).   8
How can I calculate TDS AND FBT tax for a Travel Company? Travel-Plan 2
what is the defference between tds & tcs ?   2
what is the deffirent between TDS & TCS   5
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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