Depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2013
I HAVE RECENTLY JOINED A COMPANY AND AM ASKED TO DRAFT THE BALANCE SHEET AS PER SCHEDULE VI.COMPANY IS A NEW COMPANY STARTED OPERATIONS THIS YEAR.ON THE ASSETS PURCHASED WHAT RATE OF DEPRECIATION SHALL I PROVIDE FROM WHERE WILL I GET THE DEPRECIATION RATE.
PLEASE REVERT BACK AS SOON AS POSSIBLE.ITS URGENT
THANKS IN ADVANCE.
PLEASE REVERT BACK AS SOON AS POSSIBLE.ITS URGENT
THANKS IN ADVANCE.
09 April 2013
Depreciation rates are available in schedule XIV of the companies act,1956 for which the following site, among others, can be seen.
https://www.aadisol.in/aca/images/bullentins/bt_23.pdf
https://www.aadisol.in/aca/images/bullentins/bt_23.pdf
29 May 2013
Depreciation is to be charged on the basis of number of days used. In case any asset not put to use, no depreciation is to be charged on other issues I agree with the expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Eway bill not cancelled within 24 hous what can be due
- DIN reactivation
- TDS Return Q1 FY 2026-27
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
