Interested to Buy Any Domain ? << Click Here >> for more details...
Fixed Assets Depreciation Rats ?
- 4 Answers
- 6553 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 4 Yes | 1 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / prabha
Fixed assets depriciation prescribed by the company law
| Is This Answer Correct ? | 0 Yes | 0 No |
Define Joint Venture
Define control account Thanks
about favorite colour asked in interviews
Entry for the settlement of loans?
where we have file E-returns in SAP FICO-CIN/Wtax?
What is the difference between tds and withholding tax??(new)
Traditional clasifications of accounts
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
Has anybody who got shortlisted for Syndicate Interview got the mail from syndicate bank specifying the interview date?
Minimum and maximum members to create the following Sole trading Partnership Private ltd co Public ltd co
what Bank Reconcilation ?
Whatis the Journal entry for advance payments and advance receipts from Debtors and creditors
Audit 
