1 / 57

What are the Depreciation Rates & Rules of Income Tax Act

According to the Income Tax Act, depreciation is the reduction in an asset's value brought on by use, deterioration, aging, or obsolescence. The Income Tax Act permits an entity's depreciation costs to be subtracted from its taxable income.<br>Since depreciation is a non-cash expense, there is no cash withdrawal from the organization. Rather, it symbolizes the distribution of an asset's cost throughout its useful life. This allocation lowers the entity's taxable income and consequently its tax obligation.<br>

Riya120
Download Presentation

What are the Depreciation Rates & Rules of Income Tax Act

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. What are the Depreciation Rates & Rules of Income Tax Act www.aiatindia.com

  2. According to the Income Tax Act, depreciation is the reduction in an asset's value brought on by use, deterioration, aging, or obsolescence. The Income Tax Act permits an entity's depreciation costs to be subtracted from its taxable income. Since depreciation is a non-cash expense, there is no cash withdrawal from the organization. Rather, it symbolizes the distribution of an asset's cost throughout its useful life. This allocation lowers the entity's taxable income and consequently its tax obligation. The Income Tax Act specifies the rate of depreciation for different types of assets, which varies based on the asset's useful life and other factors. Buildings, for instance, have a lower depreciation rate than plant and machinery, which is lower still than computer software.

  3. Add a filter to the photos If you want to apply the same filter as the pictures already included in the template, follow these instructions: • Insert the picture into the slide • Select the photo • Right-click and choose “Format options” • Open the “Recolor” tab and choose the grayscale option

  4. Table of contents 01 02 03 Name of the section Name of the section Name of the section 04 05 06 Name of the section Name of the section Name of the section

  5. Whoa! This can be the part of the presentation where you introduce yourself, write your email…

  6. 01 Name of the section

  7. Do you need longer text? Mercury is the closest planet to the Sun and the smallest one in the entire Solar System. This planet's name has nothing to do with the liquid metal, since Mercury was named after the Roman messenger god. Despite being closer to the Sun than Venus, its temperatures aren't as terribly hot as that planet's. Its surface is quite similar to that of Earth's Moon, which means there are a lot of craters and plains Speaking of craters, many of them were named after artists or authors who made significant contributions to their respective fields. Mercury takes a little more than 58 days to complete its rotation, so try to imagine how long days must be there! Since the temperatures are so extreme and the solar radiation is so high, Mercury has sadly been considered to be non-habitable for humans

  8. The slide title goes here! Do you know what helps you make your point crystal clear? Lists like this one: They’re simple You can organize your ideas clearly You’ll never forget to buy milk! And the most important thing: the audience won’t miss the point of your presentation

  9. You can divide the content Mercury Venus Mercury is the closest planet to the Sun and the smallest one in the Solar System—it’s only a bit larger than the Moon. This planet’s name has nothing to do with the liquid metal, since Mercury was named after the Roman messenger god Venus has a beautiful name and is the second planet from the Sun. It’s terribly hot—even hotter than Mercury—and its atmosphere is extremely poisonous. It’s the second-brightest natural object in the night sky after the Moon

  10. Here are three important ideas Jupiter Venus Saturn Jupiter is a gas giant and the biggest planet in the Solar System. It's the fourth-brightest object in the night sky and was named after the Roman god of the skies Venus has a beautiful name and is the second planet from the Sun. It’s terribly hot and its atmosphere is poisonous. It’s the second-brightest natural object in the night sky Saturn is a gas giant and has several rings. This planet is composed mostly of hydrogen and helium. It’s the sixth planet from the Sun and was named after a Roman god too

  11. Divide the content into four ideas Mars Venus Despite being red, Mars is actually a cold place. It’s full of iron oxide dust, which gives the planet its reddish cast, and it’s made of basalt Venus has a beautiful name and is the second planet from the Sun. It’s terribly hot and its atmosphere is extremely poisonous Jupiter Saturn Jupiter is a gas giant and the biggest planet in the Solar System. It’s the fourth-brightest object in the night sky and was named after a god Saturn is a gas giant and has several rings. It’s composed mostly of hydrogen and helium. It’s the sixth planet from the Sun

  12. Reviewing concepts is a good idea Mars Venus Neptune Despite being red, Mars is actually a cold place. It’s full of iron oxide dust, which gives the planet its reddish cast Venus has a beautiful name and is the second planet from the Sun. It’s terribly hot, even hotter than Mercury Neptune is the farthest planet from the Sun. It’s also the fourth-largest planet by diameter in the Solar System Earth Saturn Jupiter Earth is the third planet from the Sun and the only one in the Solar System that harbors life. We all live on this planet Saturn is a gas giant and has rings. It's composed mostly of hydrogen and helium. It’s the sixth planet from the Sun Jupiter is a gas giant and the biggest planet in the Solar System. It’s the fourth-brightest object in the night sky

  13. Awesome words

  14. “This is a quote, words full of wisdom that someone important said and that can inspire the reader” —Someone Famous

  15. A picture is worth a thousand words

  16. A picture always reinforces the concept Images reveal large amounts of data, so remember: use an image instead of a long text. Your audience will appreciate it

  17. 1,200,000 Big numbers catch your audience’s attention

  18. 9h 55m 23s Jupiter’s rotation period 333,000 The Sun’s mass compared to Earth’s 386,000 km The distance between Earth and the Moon

  19. Let’s use some percentages Mercury Mars Neptune Mercury is the closest planet to the Sun Mars is a red planet but actually a very cold place Neptune is the farthest planet from the Sun 50% 25% 75%

  20. Computer mockup You can replace the image on the screen with your own work. Just right-click on it and select “Replace image”

  21. Tablet mockup You can replace the image on the screen with your own work. Just right-click on it and select “Replace image”

  22. Phone mockup You can replace the image on the screen with your own work. Just right-click on it and select “Replace image”

  23. This is amap Mars Mars is very cold Mercury Mercury is small Venus Venus is very hot Follow the link in the map to modify its data and then paste the new one here. For more info, click here

  24. A timeline always works well Mercury is the closest planet to the Sun and it’s very small 01 05 Jupiter is the biggest planet in the Solar System Venus has a nice name and is the second planet from the Sun 02 06 Saturn is composed mostly of hydrogen and helium Earth is the third planet and the only one that harbors life 03 07 Neptune is the fourth-largest planet by diameter Despite being red, Mars is actually a cold place 04 08 Pluto is now considered a dwarf planet in the Solar System

  25. Infographics are useful Bookkeeping project Team A Team B • Pluto is a dwarf planet • Ceres is an asteroid • Neptune is very far from the Sun • The Moon is our satellite • Mercury is the smallest one • Jupiter is a gas giant • Mercury is the smallest planet • Venus has a beautiful name • Earth is the third from the Sun • Despite being red, Mars is cold

  26. Use tables to represent data

  27. You can use this graph Team 1 Team 2 Team 3 Team 4 Follow the link in the map to modify its data and then paste the new one here. For more info, click here

  28. Our team James Hill Kaliyah Harris You can speak a bit about this person here You can speak a bit about this person here

  29. Bookkeeping dashboard 01 Balance 1 Mercury is the smallest planet Balance 2 02 Neptune is very far from the Sun Balance 3 Jupiter is the biggest planet 03

  30. Bookkeeping dashboard Balance 1 Mercury is the closest planet to the Sun Balance 2 Venus is the second planet from the Sun

  31. Bookkeeping dashboard Cash flow statement Cost 1 Cost 2 Cost 3 Cost 4 Cost 5 Neptune is the farthest planet from the Sun Venus is the second planet from the Sun Mercury is the closest planet to the Sun Saturn is a gas giant and has several rings Jupiter is the biggest planet of them all

  32. Bookkeeping dashboard Accounting assignments Earth is the third planet from the Sun and the only one that harbors life in the Solar System. All humans live on this planet Team 1 Team 2 Team 3 • Earth is the place where we all live • Venus has a really beautiful name • Jupiter was named after a Roman god • Mercury is the closest planet to the Sun • Venus is the second planet from the Sun • Neptune is very far away from the Sun • Saturn is a gas giant and has rings • Mars is a planet full of iron oxide dust • Despite being red, Mars is a cold place

  33. Bookkeeping dashboard Account 1 Account 2 Account 3 Saturn is the planet with many rings Mars is red but actually a very cold place Earth is the place where we all live

  34. Bookkeeping dashboard Period 1 Period 4 20% 10% Saturn is a gas giant and has several rings Earth is the place where we all live Period 2 Period 5 25% 75% The Moon is Earth’s only natural satellite Jupiter is a gas giant and the biggest planet Period 3 Period 6 45% 55% Despite being red, Mars is a cold place Mercury is the closest planet to the Sun

  35. Bookkeeping dashboard

  36. Thanks! Do you have any questions? youremail@freepik.com +34 654 321 432 yourwebsite.com Please keep this slide for attribution

  37. Icon pack

  38. Alternative resources Here’s an assortment of alternative resources whose style fits the one of this template: Photos • Industrial designers working on 3d model • Industrial designers working on 3d model I • Industrial designers working on 3d model II • Industrial designers working on 3d model III • Education and economy objects • Woman working for environment projects portrait • Female working for environment projects • Teammates working late at the office • Business teammates working late • Business teammates working late I • Colleagues working together on project • Colleagues working together on project I • Colleagues working together on project II • Colleagues working together on project III • Colleagues working together on project IV • Colleagues working together on project V

  39. Resources Did you like the resources in this template? Get them at these websites: Vectors • Design studio template design • Design studio template design I • Design studio template design II Icons • Icon Pack: Accounting | Lineal Photos • Industrial designers working on 3d model • Education and economy objects • Female working for environment projects • Business teammates working late • Industrial designers working on 3d model • Business teammates working late I • Colleagues working together on project • Businessman presenting his project • Colleagues working together on project I • Industrial designers working on 3d model I • Person working on alternative energy • Young business woman at work in the office • Education and economy objects I • Woman working for environment projects

  40. Instructions for use If you have a free account, in order to use this template, you must credit Slidesgoby keeping the Thanksslide. Please refer to the next slide to read the instructions for premium users. As a Free user, you are allowed to: • Modify this template. • Use it for both personal and commercial projects. You are not allowed to: • Sublicense, sell or rent any of Slidesgo Content (or a modified version of Slidesgo Content). • Distribute Slidesgo Content unless it has been expressly authorized by Slidesgo. • Include Slidesgo Content in an online or offline database or file. • Offer Slidesgo templates (or modified versions of Slidesgo templates) for download. • Acquire the copyright of Slidesgo Content. For more information about editing slides, please read our FAQs or visit our blog: https://slidesgo.com/faqs and https://slidesgo.com/slidesgo-school

  41. Instructions for use (premium users) As a Premium user, you can use this template without attributing Slidesgoor keeping the "Thanks" slide. You are allowed to: • Modify this template. • Use it for both personal and commercial purposes. • Hide or delete the “Thanks” slide and the mention to Slidesgo in the credits. • Share this template in an editable format with people who are not part of your team. You are not allowed to: • Sublicense, sell or rent this Slidesgo Template (or a modified version of this Slidesgo Template). • Distribute this Slidesgo Template (or a modified version of this Slidesgo Template) or include it in a database or in any other product or service that offers downloadable images, icons or presentations that may be subject to distribution or resale. • Use any of the elements that are part of this Slidesgo Template in an isolated and separated way from this Template. • Register any of the elements that are part of this template as a trademark or logo, or register it as a work in an intellectual property registry or similar. For more information about editing slides, please read our FAQs or visit our blog: https://slidesgo.com/faqs and https://slidesgo.com/slidesgo-school

  42. Fonts & colors used This presentation has been made using the following fonts: Inter Tight (https://fonts.google.com/specimen/Inter+Tight) DM Sans (https://fonts.google.com/specimen/DM+Sans) #190f28 #f2eff9 #6439ff #493686 #ffffff

  43. Storyset Create your Story with our illustrated concepts. Choose the style you like the most, edit its colors, pick the background and layers you want to show and bring them to life with the animator panel! It will boost your presentation. Check out how it works. Pana Amico Bro Rafiki Cuate

  44. Use our editable graphic resources... You can easily resize these resources without losing quality. To change the color, just ungroup the resource and click on the object you want to change. Then, click on the paint bucket and select the color you want. Group the resource again when you’re done. You can also look for more infographicson Slidesgo.

  45. FEBRUARY JANUARY MARCH APRIL PHASE 1 Task 1 FEBRUARY MARCH APRIL MAY JUNE JANUARY Task 2 PHASE 1 Task 1 Task 2 PHASE 2 Task 1 Task 2

  46. ...and our sets of editable icons You can resize these icons without losing quality. You can change the stroke and fill color; just select the icon and click on the paint bucket/pen. In Google Slides, you can also use Flaticon’s extension, allowing you to customize and add even more icons.

More Related