Depreciation under schedule ii

This query is : Resolved

Rahul Sharma (Querist)
Follow

29 January 2015 Dear Sir/Mam,

ABC Pvt. Ltd. has bought the Plant & Machinery of Rs.50L on 01-04-2009 and charging Depreciation @13.91% on W.D.V. Basis. Now, WDV of Plant & Machinery as on 01-04-2014 is 23.64L. so, please advice how can we calculate the depreciation from 01-04-2014 on aforesaid assets.

• Life of Plant & Machinery is 15 years as per Schedule II
• Expired life is 5 years
• Remaining life is 10 years.

Beside above, what is rate of depreciation on Flat purchased by the company

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

29 January 2015 https://taxguru.in/company-law/depreciation-companies-act-2013.html

https://taxguru.in/company-law/rates-depreciation-companies-act-2013.html

https://taxguru.in/company-law/companies-act-2013-notification-amendment-schedule-ii.html

https://taxguru.in/company-law/depreciation-companies-act-2013-practical-approach.html

Rahul Sharma

Rahul Sharma (Querist)
Follow

29 January 2015 Thanks for your valuable feedback but would you kindly requested to elaborate with aforesaid example. and what would be the dep. treatment of FLAT.

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

Similar Resolved Queries

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

GOVIND VAJIRAJ DESAI

Ramulu Thakkalapally

RAVINDRA JOSHI

cgagroshg cgagroshg

velichety.l.narasimharao

Subscribe Now

Depreciation under schedule ii

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

GST CONSULTANT

Senior Executive

Manager- Finance and Compliance

GST CONSULTANCY