banner_ad

Depreciation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 July 2011 We purchased a furniture before 1992 & rate of depreciation was 3.34%(slm).
In 1993-94 the depreciation rate as per companies act changed to 6.33%(slm).
Now which rate I have to apply to the old assets?
The same category of new assets we are applying 6.33%, and old asset we applied old rate ie.,3.34%.
Whether it is correct ?
Pls reply fast..
Profile Image

T.K. JAGANATHAN

Profile Image

T.K. JAGANATHAN (Expert)
02 July 2011 The Depreciation rate of 6.33% should be applied for the furniture purchased before 1992. The depreciation rate should be uniform for the class of assets for the given financial year
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
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details