Can depreciation be lower than what is prescribed in schedule II for any company ?
Govt. has substituted only sub clause (i) to clause 3 vide notification dated 29.08.2014 whereas sub clause (ii) (restricting depreciation to minimum) is still there.
CA Abhilasha Bhagat (ACA) (466 Points)
06 May 2015Can depreciation be lower than what is prescribed in schedule II for any company ?
Govt. has substituted only sub clause (i) to clause 3 vide notification dated 29.08.2014 whereas sub clause (ii) (restricting depreciation to minimum) is still there.
Aviral Agarwal
(Article Assistant at BDO )
(82 Points)
Replied 06 May 2015
CAclubindia
