09-17-2008, 07:50 PM
Aslamo Alekum
I want to enhance my knowledge how to calculate Tax Deprection.
In my knowledge which may be wrong, is that there is some percentages% in Income Tax ORdinance in 3rd shedule PART 2 which is fixed and there is another one i have heard about INITIAL Allownce.
Please some answer how to calculate tax deprection if company start first time buisness how they and when calculate initial allownace and rate.
initial Allowance i think in 2008 is 50% and in 2009 first year is 90% after that is same 50%.
and i have one more confusion in the 3rd shedule part 2 Tax Depreciation rate which is given there is that also applying in Accounting Tax Depreciation or not, beacuse i am confuse tax rate on accounting depreciation rate and tax depreciation rate?
please clear my question i will be thankfull to you?
I want to enhance my knowledge how to calculate Tax Deprection.
In my knowledge which may be wrong, is that there is some percentages% in Income Tax ORdinance in 3rd shedule PART 2 which is fixed and there is another one i have heard about INITIAL Allownce.
Please some answer how to calculate tax deprection if company start first time buisness how they and when calculate initial allownace and rate.
initial Allowance i think in 2008 is 50% and in 2009 first year is 90% after that is same 50%.
and i have one more confusion in the 3rd shedule part 2 Tax Depreciation rate which is given there is that also applying in Accounting Tax Depreciation or not, beacuse i am confuse tax rate on accounting depreciation rate and tax depreciation rate?
please clear my question i will be thankfull to you?
