Depreciation
This query is : Resolved
27 September 2014
Dear all,
The new rates of depreciation as per Sch 2 of Companies Act 2013 is applicable for FY 2013-14 or not?
27 September 2014
No its not. Its applicable from Financial Year 2014-15. See General Circular 08/2014 from below link--
https://www.mca.gov.in/Ministry/pdf/General_Circular_8_2014.pdf
https://www.mca.gov.in/Ministry/pdf/General_Circular_8_2014.pdf
27 September 2014
Sir,
what to do in this regard if accounts already prepared as per new schedule and sent to shareholders?
ROI not yet filed & AGM not yet held.
what to do in this regard if accounts already prepared as per new schedule and sent to shareholders?
ROI not yet filed & AGM not yet held.
27 September 2014
What was Auditor doing then?
You may continue with this accounts there should not be any issue.
You may continue with this accounts there should not be any issue.
27 September 2014
I think sir the auditor might have been been confused in this regard. Therefore it was decided to adopt new rates.
What should we do now?
Is there any problem if different rates are charged not according to Companies Act 1956?
What should we do now?
Is there any problem if different rates are charged not according to Companies Act 1956?
27 September 2014
There should not have been any confusion since the circular was issued very early i.e., 4th April 2014.
There should not be any problem if rates as per Companies Act 2013 are adopted.
There should not be any problem if rates as per Companies Act 2013 are adopted.
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
