Answer / h.r. sreepada bhagi

Rates & method of Depreciation are different under the
Companies Act & the Income Tax in India. For rates &
guidelines Refer the Companies Act (Depreciation Schedule) &
the Income Tax Act. Or refer teh latest Income Tax Ready
Reckoner, where rates under both the Acts are available.
Rates are also available on the Internet/websites of Income
Tax Department / Department of Company Affairs.

Answer / raheem ps

Rates & method of Depreciation are different under the
Companies Act & the Income Tax in India. For rates &
guidelines Refer the Companies Act (Depreciation Schedule) &
the Income Tax Act. Or refer teh latest Income Tax Ready
Reckoner, where rates under both the Acts are available.
Rates are also available on the Internet/websites of Income
Tax Department / Department of Company Affairs.

i may guess that the above mentioned is correct coz., the rate of percentage has to be imposed by the national r central tax authority and has been vary from year to year.hence, there is no permanent fixed % for it

Answer / prabha

Fixed assets depriciation prescribed by the company law

Answer / pradeep

buildings-5%
factory buildings-10%
plant&machinery-15%
furniture-25%
vehicles-20%

Expand ________CAFR

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HIREPURCHASE VS INSTALMENT PURCHASE

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Short Answer on __________Partnership

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Is Entry Tax is applicable on consumable goods purchased Against C Form @ CST 2%

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