banner_ad

Depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 April 2009 Rates prescribed in Schedule XIV to the Companies Act, 1956 are not mandatory . But as per section 349 and 350 for the purposes of calculation of managerial remuneration availability of profits for distribution as dividend, the rates prescribed in said schedule shall have to be applied.

But what if we are not distributing dividend and we calculated net profit for managerial remuneration separately then what will be the position.........???
Profile Image

Ashish Aggarwal

Profile Image

Ashish Aggarwal (Expert)
15 April 2009 Section 198(1) of Companies Act 1956 states that maximum managerial remuneration can be 11% of net profit calculated u/s 349/350 of Companies Act. So dep. has to be calculated as per Schedule XIV
Profile Image

CA.Tarun Maheshwari

Profile Image

CA.Tarun Maheshwari (Expert)
15 April 2009 I agree with the views of Ashish.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
21 April 2009 i support
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
10 February 2010 in case of 1 Whole time director it is 5%, in case of 2 it is 10% and 11% is highest.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details