Advertise With Us

    Higher Rate of Depreciation Possible or not

    Posted By : Kamal / Published on : 10-Jul-2021 04:55 PM / View : 493 / Comment : 0

    Print button

    Is it possible to change the accounting policy of the Company and take the higher rate of depreciation between the Income Tax Act and Schedule II of Companies Act 2013 ?
    The rate of depreciation shall be determined on the basis of the useful life of an asset in Companies Act.
    A suitable justification would be provided while doing the amendment in accounting policy.
    The reason for doing so is to set aside the obvious deferred tax asset/liability which is a future thing and make the financials look more actual than before.

    Opinions are invited in this regard please.
    Read more on : possible depreciation rate higher

      Please Select File:

    Other Queries from Kamal
    Unanswered Queries
    Like us on Facebook
    Follow Us on Twitter

    We are always here to help you. Don’t hesitate to contact us anytime!

    +91-9988424211 or