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Companies act 2013

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2015 Can printer be categorized under the head computer
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
14 January 2015 yup.. computer and computer equiments
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 January 2015 Yes, Inference is from Schedule II Part C XII (ii) of Co's Act,2013.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2015 Sir, can i take useful life of factory building as 60 years whereas Act says 30 years
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 January 2015 No. Pl see part A 3(i) of sch II. If useful life adopted is less than the prescribed limit sufficient disclosure should be made in the accounts. Note 3(ii) of schedule II r.a.w proviso to 3(i) of part A of schedule II may be referred to.
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