During the Interview in a Company the Interviewer asked me that Why the Deprec

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 ?

Question Posted / vikram

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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

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