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 ?
Answers were Sorted based on User's Feedback
Answer / murugesh
Depreciation will calculate below 180 days & above 180 days
as per Income Tax Act & As per Companies Act will calculate
|Is This Answer Correct ?||9 Yes||5 No|
Answer / parmal singh
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
|Is This Answer Correct ?||3 Yes||2 No|
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