Depriciation as per companies act 2013
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2015
Sir/Ma'am,
As there is change of depreciation rates and useful life of fixed assets, Is the same will have as retrospective effect or prospective effect?
coz if the same has retrospective effect
then we'll have to recalculate depre. and make the possible adjustments in our book.
Please ans this query as soon as possible.
its really urgent
As there is change of depreciation rates and useful life of fixed assets, Is the same will have as retrospective effect or prospective effect?
coz if the same has retrospective effect
then we'll have to recalculate depre. and make the possible adjustments in our book.
Please ans this query as soon as possible.
its really urgent
11 July 2015
It is prospective only except for assets there is no useful life as on 01-04-2015 the depreciation has to be adjusted against reserves.
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- BIS Certificates
- Salary and pension received from Asian Development Bank
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
