https://www.taxtmi.com/circulars?id=10692 Amendment requires companies to provide minimum depreciation before declaring dividends; prior depreciation already charged must be deducted so only the written down value is further depreciated. The term "original cost" is used to determine the specified period and annual instalment under the straight line method. Immovable properties held as investments are fixed assets and must be depreciated using income tax rule rates. Companies may continue using the straight line method or adopt different methods for different asset classes if applied consistently; depreciation arises with efflux of time and must be provided even for unused assets. en-us Wed, 27 Sep 1961 00:00:00 +0530 Thu, 16 Jun 2011 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10692 Amendment requires companies to provide minimum depreciation before declaring dividends; prior depreciation already charged must be deducted so only the written down value is further depreciated. The term "original cost" is used to determine the specified period and annual instalment under the straight line method. Immovable properties held as investments are fixed assets and must be depreciated using income tax rule rates. Companies may continue using the straight line method or adopt different methods for different asset classes if applied consistently; depreciation arises with efflux of time and must be provided even for unused assets. Circulars Companies Law Wed, 27 Sep 1961 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10692