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Depreciation

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(Querist)
25 October 2013 whether depreciation can be charged at higher rate than specified under companies act??
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Ganeshbabu K

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Ganeshbabu K (Expert)
25 October 2013 yes, depreciation can be charged at higher rate than specified mimimun rates
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but you should have some basis on what basis and how you have arrived for higher percentage of depreciation
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 October 2013 yes. depreciation can be charged at higher rates. The rates prescribed in the act are only the minimum rates.




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