TaxTMI 
TaxTMI 
Depreciation
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....epreciation<br> Query (Issue) Started By: - Pradeep Kaushik Dated:- 27-2-2011 Last Reply Date:- 28-2-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear All, There are two method for depreciation (S....
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....LM and WDV), What is the significance to adopt the method as per Companies Act, while for computation of Tax Liability, we have to take the rates as per income tax act. Can we adopt both methods (SLM....
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.... and WDV) at the same time. What is the procedure to determine the useful life of Asset in SLM Method. Please clarify with example. Best Regards. Pradeep Kaushik Reply By CA Rachit Agarwal: The Re....
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....ply: For SLM also, Schedu XIV of the Companies Act has provided the depreciation rates. We can adopt SLM/WDV under Companies Act and WDV under Income Tax. Rates of Depreication and Method of chargi....
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....ng depreciation differs from industry to industry based on the lifecycle of the assets.<br> Discussion Forum - Knowledge Sharing ....