Applicability of schedule ii

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Aman Sharma (Querist)
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08 April 2015 Dear Sir/Ma'am,

I would like to confirm the applicability of schedule II of Companies Act 2013.Is it mandatory for F.Y. 2014-15 or there is some relaxation?
Secondly, whether the component method to be followed in depreciation applicable in FY 2014-15?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 April 2015 Applicable for all companies from 01.04.2014. See MCA General Circular 08/2014 dated 04.04.2014 from link given below:

http://www.mca.gov.in/Ministry/pdf/General_Circular_8_2014.pdf