https://www.taxtmi.com/circulars?id=10754 Any straight line depreciation provided under the Companies Law must reflect changes made in the Income tax Act or Rules, including extra and multiple shift allowances; accordingly, companies using the straight line method should recalculate the specified period for affected assets and adjust depreciation provisions to incorporate such changes, since the specified period is derived from the reducing balance rate that includes those allowances. en-us Tue, 15 Sep 1964 00:00:00 +0530 Thu, 16 Jun 2011 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10754 Any straight line depreciation provided under the Companies Law must reflect changes made in the Income tax Act or Rules, including extra and multiple shift allowances; accordingly, companies using the straight line method should recalculate the specified period for affected assets and adjust depreciation provisions to incorporate such changes, since the specified period is derived from the reducing balance rate that includes those allowances. Circulars Companies Law Tue, 15 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10754