Depreciation (ScheduleXIV)

This query is : Resolved

Chaitanya G Kukalyekar (Querist)
Follow

17 August 2009 Can anyone please tell me if the limit of Rs. 5000, mentioned in ScheduleXIV, for the assets to be provided the 100 percent depreciation is increased to Rs. 10000/-?? If yes, then can u mail me a notification or something....

Guest

Guest (Expert)

17 August 2009 Dear Chaitanya

There is no amendment in Schedule XIV, Note 13 of the Companies Act.

Hence, the following remains the same:

Provided that where the aggregate actual cost of individual items of plant and machinery costing Rs. 5,000 or less constitutes more than 10 per cent of the total actual cost of plant and machinery, rates of depreciation applicable to such items shall be the rates as specified in Item II of the Schedule.]

Trust, this helps you.

Best Regards

CA Himanshu Garg
ca.hims@gmail.com

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA.Pinank Arvindbhai Shah

venkanna setty

Vignesh Killur

Tax Expert Group

NIKHIL GUPTA

Subscribe Now

Depreciation (ScheduleXIV)

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

GST CONSULTANT

Accountant

GST CONSULTANCY