Calculation of depreciation as per new act

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UMANG GOSWAMI (Querist)
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13 January 2015 Sir, I have A query regarding charge of depreciation from F.Y 2014-15 as method has been changed for calculating depreciation under the provisions of new act. Please clarify the effect of depreciation on 1 general plant and machinery having book value as on 1/4/2014 is Rs. 4025890 and purchased on 15/06/2005 at value of Rs. 6000000.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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13 January 2015 what is the estimated useful life of this asset ???

http://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html

Rupesh Jain

Rupesh Jain (Expert)
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13 January 2015 YOU CAN SEE

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

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