https://www.taxtmi.com/forum/issue?id=2837 Companies may apply either the Straight Line Method (SLM) or the Written Down Value (WDV) method under the Companies Act, with Schedule XIV providing rates and useful-life guidance; for income-tax computation depreciation is calculated under the WDV system using Income-tax Act rates, so accounting and tax methods/rates may legitimately differ and be maintained concurrently for their respective statutory purposes. en-us Sun, 27 Feb 2011 15:08:12 +0530 Thu, 23 Jan 2025 15:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2837 Companies may apply either the Straight Line Method (SLM) or the Written Down Value (WDV) method under the Companies Act, with Schedule XIV providing rates and useful-life guidance; for income-tax computation depreciation is calculated under the WDV system using Income-tax Act rates, so accounting and tax methods/rates may legitimately differ and be maintained concurrently for their respective statutory purposes. Discussion-Forum Income Tax Sun, 27 Feb 2011 15:08:12 +0530 https://www.taxtmi.com/forum/issue?id=2837