Q1
Asset Value 100000
Depreciation Rate
Income Tax Act 15%
Companies Act 10%

(a) Calculate Depreciation for next 40 years using WDV Method

(b) Which Depreciation Amount is more,  as per Companies Act or Income Tax Act ?

(c) Assume Profit every year to be 50 lacs.What is Taxable Profit and Tax?

(d) What is tax benefit every year because of difference in dep?

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.