https://www.taxtmi.com/forum/issue?id=3095 Private companies may change depreciation method from WDV to SLM under AS 6 and company law when there is commercial expediency. The change should be applied in the period of decision with disclosure of current year and prior period impacts; adjustments up to the opening date are reflected in P&L appropriation or brought above the line. Tax depreciation remains governed by tax law (WDV), so statutory depreciation and tax consequences are unaffected; MAT is based on book profit, and increased book profit from lower depreciation can affect MAT, requiring documented rationale and disclosure. en-us Wed, 22 Jun 2011 12:07:47 +0530 Thu, 23 Jan 2025 15:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3095 Private companies may change depreciation method from WDV to SLM under AS 6 and company law when there is commercial expediency. The change should be applied in the period of decision with disclosure of current year and prior period impacts; adjustments up to the opening date are reflected in P&L appropriation or brought above the line. Tax depreciation remains governed by tax law (WDV), so statutory depreciation and tax consequences are unaffected; MAT is based on book profit, and increased book profit from lower depreciation can affect MAT, requiring documented rationale and disclosure. Discussion-Forum Companies Law Wed, 22 Jun 2011 12:07:47 +0530 https://www.taxtmi.com/forum/issue?id=3095