Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


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



During the Interview in a Company the Interviewer asked me that Why the Depreciation Rate as per I..

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

During the Interview in a Company the Interviewer asked me that Why the Depreciation Rate as per I..

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

Post New Answer

More Accounting General Interview Questions

In tally software Alt+R ,Alt+u is used for?

6 Answers  


what is cash discount?

7 Answers   Capital IQ,


My question is that can i taken input credit of service tax of telephone bill & courier bill & labour contractore bills in exemption Area.

0 Answers  


What is working capital...?

5 Answers   Ambuja, Capital IQ, FIS,


what do you mean by margin of safety

4 Answers   Capital IQ,






How do you calculate Profit earned per share?

7 Answers  


what are profitability ratios?

4 Answers   BA Continnum Solutions, FirstSource,


what is budgeting and steps required to configure this.

1 Answers   Meru Cabs, Virtual Studio,


How can you do credit control?

0 Answers  


Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)

1 Answers  


hi, M a fresher who started work in an event management firm as an accountant recently, and i don't know the head o tail of what to be done., worse part is its a small firm, and i have to learn everything on my own,:( so if anyone could guide me pllleeeeeesssssssseeeeeeee help... its really very urgent.. I'd be very grateful...

3 Answers  


how to pass an entry for expenditure by deducting tds for customer

11 Answers  






Categories