Dep calculation


This query is : Resolved 

(Querist)
21 July 2015 As per new company act how we calculate depriciation on assets?

21 July 2015 Depreciation as per Schedule II of Companies Act 2013 is applicable for all companies from 01.04.2014. See MCA General Circular 08/2014 dated 04.04.2014 from link given below:

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

Check out Application Guide on the provisions of Schedule II to the Companies Act 2013 by Corporate Laws & Corporate Governance Committee of ICAI from link given below:

https://220.227.161.86/37329clcgc27675.pdf



Also Check out files from links given below:

https://www.caclubindia.com/files0512/160320_66209_depreciation__summary.pdf

https://www.caclubindia.com/files0512/1415307_66291_depreciation.pdf


Check out rates from link given below:

https://www.caclubindia.com/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf


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