depreciation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2011
our company (pvt ltd. co ) is following slm method . What is the rate of depreciation to be followed for plant and machinery . According to me it should be 4.75% but our co is taking 13.91% (wdv). our consultant is saying in nesd the general rate is 13.91% Please clarify.
CA NIDHI VYAS
(Expert)
02 June 2011
you are correct that this 13.91% is for wdv & 4.75% is for slm but these rates are minimum there is always an option to go on higher side so it is well within the law if depreciation is claimed @ 13.91%
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Rent agreement of House of deceased person
- Closer of business and itc of capital goods
- RCM and same line
- Gift to nri relatives resides in usa
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- ARCA LOGIN
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
