Depreciation as per companies act
This query is : Resolved
29 July 2014
Dear sir,
Please reply whether depreciation is allowed in the year of sale of asset ? proportionately.
And what are the new Deprecaition rates as per companies Act 2013.
Thanks
Please reply whether depreciation is allowed in the year of sale of asset ? proportionately.
And what are the new Deprecaition rates as per companies Act 2013.
Thanks
29 July 2014
Yes depreciation to be taken on Assets till the date of sale on days basis under Companies Act 1956.
Depreciation rates as per CA 2013--
https://caclubindia.s3.amazonaws.com/cdn/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf
Depreciation rates as per CA 2013--
https://caclubindia.s3.amazonaws.com/cdn/files0512/496179_59179_depreciation_rate_chart_companies_act_2013.pdf
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