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What is rules of depricaition in company act.or IT act.
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Answer Posted / sarata kumar swain (godhan,ken
in reference of cpompany act 1956 depriciation is to be
charged asper the depriciation methord like fixed ,
diminishing balance methord but in reference of income tax
act 1961depriciation is to be charged in a fixed percentage
like 20% 30% as per reference to the asset and all of the
depriciation is to be charged on the written down value of
asset.
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