During the Interview in a Company the Interviewer asked me
that Why the Depreciation Rate as per Income Tax Act &
Companies Tax Act differs, please answer this quetion ?
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Answer / murugesh
Depreciation will calculate below 180 days & above 180 days
as per Income Tax Act & As per Companies Act will calculate
daily basis....
| Is This Answer Correct ? | 9 Yes | 5 No |
Answer / parmal singh
Dear sir,
the difference between them because the govt. under the
income tax company keep margin in P/L so govt.allow to
company depriciation on hire rate because they appriciate
the invester to investment and in the anual report of the
company,company need to show their actual p&l so they can
use the actual rate of depriciation on Assets as per
company law.
Parmal Singh
| Is This Answer Correct ? | 3 Yes | 2 No |
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