Calculation of depreciation as per new act
This query is : Resolved
UMANG GOSWAMI
(Querist)
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)
(Expert)
13 January 2015
what is the estimated useful life of this asset ???
https://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html
https://taxguru.in/company-law/rates-of-depreciation-under-the-companies-act-as-mentioned-in-schedule-xiv.html
Rupesh Jain
(Expert)
13 January 2015
YOU CAN SEE
taxguru.in/company-law/rates-depreciation-companies-act-2013.html
taxguru.in/company-law/rates-depreciation-companies-act-2013.html
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