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Calculation of depreciation

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(Querist)
15 December 2012 as per companies act is it compulsory for company to depreciate new assets purchased during the year on pro rata basis...or it can be charged for full year..?
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CA Manish Soni

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CA Manish Soni (Expert)
15 December 2012 Depreciation is computed on pro rata basis as per schedule XIV on any addition of fixed asset during the year.
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CA Prateek Garg

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CA Prateek Garg (Querist)
16 December 2012 is it compulsory...??
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CA Prateek Garg

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CA Prateek Garg (Querist)
16 December 2012 and if it is compulsory then how we should rectify this mistake...??

from last 8years co. charged depreciation for full year...not on prorata basis.
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