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If i want to pay less tax,which method of depriciation
should be adopted?
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Answer Posted / kodanda rama
FOR COMPANIES, TAXABLE INCOME AND TAX LIABILITY WILL BE
CALUCULATED BY CHARGING THE DEPRECIATION AS PER THE RATE
GIVEN U/S 32 OF INCOME TAX ACT.
ONLY FOR ROC FILLING PURPOSES DEPRECIATION CAN BE CHARGES
AT WDV OR STRAIGHT LINE METHOD.
BUT FOR TAX CALCULATION PURPOSE, WE SHOULD NOT CHARGE
DEPREICIATION AT WDV OR STRAIGHT LINE METHOD.
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