Straightline method of depreciation

Dear All,

I want to know about the applicability of Straight line method of depreciation. When may we use it. Is any company use it if yes, reason or other details.

Please help.

Regards more

Helpful Tax, Investments and Retirement Jul 22

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View all 7 comments Below 7 comments

MADHUKAR SHETH

You may use SLM in yr booke but Income Tax will tax u as per WDV more

Jul 23

Pradeep Gupta (income tax and personnel tax )

Myself read your comments also update my self, SLM may apply till 2012 if company is desirable in balance sheet. It will be change in computation of I T purpose. AS per Company Act 2013 it is not applicable. M r right. If any more update or any depth, Please suggest. more

Jul 23

Subhasis Banerjee

For computation of taxable income you don't have any choice but to use wdv method on block of asset. more

Jul 22

Mohan Adhyam

Indian IT laws mandate Written Down Value (WDV) method of calculating & accounting of depreciation. more

Jul 22

Satish Malhotra (Nil at the moment)

This can be used for bal sheet but when it comes to I T returns you are required to follow written down method as specified in the act. This was told to me by my CA which we followed for many years. This is attractive do public and share holders. more

Jul 22

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