https://www.taxtmi.com/circulars?id=10743 The Government endorses that, after adopting the written down value shown in company books at the commencement financial year as the starting point, the written down value for subsequent years for the Companies Act depreciation provision should be calculated by applying year to year the depreciation rates specified under the income tax law, yielding a notional written down value for computing depreciation for managerial remuneration rather than using the book figure at each year end. en-us Sun, 31 May 1964 00:00:00 +0530 Thu, 16 Jun 2011 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10743 The Government endorses that, after adopting the written down value shown in company books at the commencement financial year as the starting point, the written down value for subsequent years for the Companies Act depreciation provision should be calculated by applying year to year the depreciation rates specified under the income tax law, yielding a notional written down value for computing depreciation for managerial remuneration rather than using the book figure at each year end. Circulars Companies Law Sun, 31 May 1964 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10743