Declaration of Computation of depreciation under straight line method as contemplated

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..... ent methods of depreciation of assets. The words Specified period occurring in some of the sub‑clauses has been explained in section 205(5)(a) as that period at the expiry of which at least 95 per cent of the original cost of the asset would have been written off if depreciation were to be calculated in accordance with the provisions of section 350. Section 350 refers to reducing balance .....

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..... management cannot correctly predict for in advance the number of shifts its factory will run in the years ahead, the specified period will change along with change of any of the above factors, viz., (a) depreciation rates and allowances, and (b) number of shifts run. So, will it not become necessary for the company in case of such changes, (a) to revise its straight line rate of annual depreci .....

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..... at depreciation should be provided at the rate specified in the Income‑tax Act and the Rules made there under for the time being in force including therein extra and multiple shift allowances. Any depreciation provided in terms of section 205(2)(b) should, therefore, reflect any change made in the Income‑tax Act or the Rules made there under. In this view of the matter, it would appear .....

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