unabsorbed depreciation

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ICAI-President's Message - October 2013


Dear Friends I am writing my message with a sense of relief that the Indian rupee has become stronger after a brief but acute depreciation A slew of measures announced by the new RBI Governor Shri Rag

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Income-tax (Fourth Amendment Rules, 2012 - Depreciation restricted to 15% on wind mills installed after 31-3-2012


Notification No 15 2012 F No 149 21 2010 SO TPL S O 694 E Dated 30 3 2012 In exercise of the powers conferred by section 295 of the Income tax Act 1961 43 of 1961 the Central Board of Direct Taxes her

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Rupee's depreciation to hamper private equity exits


With rupees outlook being weak i bankers are being cautious with deals already in pipeline Already bogged down by poor market conditions and a slowing economy deal makers in India have a new worrya fa

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RBI careful of using forex reserves to support rupee


The Reserve Bank of India will be careful about using foreign exchange reserves aggressively to protect depreciation of the rupee Subir Gokarn a deputy governor of the Reserve Bank of India told telev

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Depreciation for the purpose of declaration of Dividend u/s 205 in case of companies referred to in Section 616 (C ) of the Companies Act, 1956


General Circular No 31 2011 No 51 23 2011 CL III Government of India Ministry of Corporate Affairs 5th floor A Wing Shastri Bhavan Dr R P Road New Delhi 110 001 Dated 31st May 2011 To All Regional Dir

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Experts Opinions

Depreciation if assets being used day and night


Dear Experts Some assets are being used day and night For Example in production machine are being assets day and Night plz tell me as per IT act Will only 15 depreciation be allow To charge even if th

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Depreciation


Is there any useful life of asset as per income tax act

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Depreciation as per companies act 2013


IF AFTER COMPLYING WITH THE PROVISIONS OF COMPANY RULES IF REMAINING USEFUL LIFE IS LESS THAN 1 THEN SHOULD IT BE DEPRECIATED OR WRITTEN OFF FROM THE RESERVES

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Regarding additional depreciation


Plant and machinery purchased in AY 15 16 which is less than 180days 50 additional depreciation claimed in the AY 15 16 Can balance 50 claimed in the AY 16 17 as per new amendment please reply soon

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Depreciation on heavy goods vehicle at what rate 30% or 15%.


Assessee has business of transportation He had an contract with MP STATE CIVIL SUPPLIES CORPORATION for transportation and loading and unloading of the goods He claimed depreciation 30 on Trucks Durin

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Discussion

Rate of depreciation as per income tax act -1961

1 LAN Network 2 Air conditioner is it Machinery Furniture

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Depreciation

Can you please help me in calculating depreciation The client iam dealing is a very big client and has a large number of assets dealing in How should i start my work

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Depreciation

Asset purchased on 1 5 12 for 4lakh It is machine with depreciation rate 15 It got destroyed in Aug 15 Assessee co receives 6lakh as compensation Please calculate CAP GAINS Assuming the machine is onl

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Depreciation rate for bank if purchase less than 180 days

IF Bank Purchase assets less than 180 days then full year depreciation provided or Half rate depreciation provided

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Depreciation rate

How to calculate1 n residual value cost

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  • IND AS16-Property, Plant and Equipment

    The objective of this Standard is to prescribe the accounting treatment for property plant and equipment so that users of the financial statements can discern information about an entity s investment in its property plant and equipment and the changes in such investment The principal issues in accounting for property plant and equipment are the recognition of the assets the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in relation to them

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  • Depreciation calculator

    Depreciation

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  • Depreciation presentation for the fy 2015-16

    Changes in Depreciation presantation in AY 2016 17

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  • Depreciation as per schedule III for FY 2015-16

    Excel sheet for calculating depreciation for the FY 2015 16 as per schedule II of companies act 13

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  • Depreciation calculation sheet

    depreciation calculation sheet as per co act 2013

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Articles

Most common mistake in Depreciation


Change in life of assets has been specified in new companies act 2013 However it does not suggested change in depreciation method Hence there is no need to recalculate effect of depreciation from the


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Depreciation allowance under section 32 of the Income Tax Act, 1961


Depreciation is an allowance on capital assets acquired and put to use and not an expenditure unlike repairs to machinery plant or furniture It need not be incurred by the assessee during the previous


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Lease and Depreciation claim-An analysis


Lease and Depreciation claim An analysis Lease nowadays a method of using the tangible material or equipment like Machinery Vehicles and in a nature of like assets Instead of buying the same the lesse


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Yuan - Depreciation; Is a Trick?


It was not surprise for many who were expecting devaluation of Chinese Currency Yuan however for them also the magnitude of devaluation was surprise Yuan has weaken by 4 0 against US within a period o


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Depressed due to depreciation


Karneeti Part 107 Depressed due to Depreciation Arjuna Fictional Character Krishna it is said that there is drastic change in the provision of calculation of depreciation according to New Companies Ac


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Updated on : 6/3/2016 3:11:27 PM


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