Depreciation under schedule ii

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Rahul Sharma (Querist)
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29 January 2015 Dear Sir/Mam,

ABC Pvt. Ltd. has bought the Plant & Machinery of Rs.50L on 01-04-2009 and charging Depreciation @13.91% on W.D.V. Basis. Now, WDV of Plant & Machinery as on 01-04-2014 is 23.64L. so, please advice how can we calculate the depreciation from 01-04-2014 on aforesaid assets.

• Life of Plant & Machinery is 15 years as per Schedule II
• Expired life is 5 years
• Remaining life is 10 years.

Beside above, what is rate of depreciation on Flat purchased by the company

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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29 January 2015 http://taxguru.in/company-law/depreciation-companies-act-2013.html

http://taxguru.in/company-law/rates-depreciation-companies-act-2013.html

http://taxguru.in/company-law/companies-act-2013-notification-amendment-schedule-ii.html

http://taxguru.in/company-law/depreciation-companies-act-2013-practical-approach.html

Rahul Sharma

Rahul Sharma (Querist)
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29 January 2015 Thanks for your valuable feedback but would you kindly requested to elaborate with aforesaid example. and what would be the dep. treatment of FLAT.