New depreciation method ( life) v/s sec 32 depreciation
This query is : Resolved
10 September 2015
hello sir,
i have a query relating to company act 2013 dep (life of assets). for example:-
purchased a air conditioner in my company .
as on 1 april 2013 41500.
dep.for 2014-15 as per company act dep will be..... as per sec 32 dep will be 15% ......
then how to treat the difference ?
if depreciation as per sec 32(15%) is more then dep. of company act 2013 policy .
then should i claim 15% dep ?
Regards
jitendra
i have a query relating to company act 2013 dep (life of assets). for example:-
purchased a air conditioner in my company .
as on 1 april 2013 41500.
dep.for 2014-15 as per company act dep will be..... as per sec 32 dep will be 15% ......
then how to treat the difference ?
if depreciation as per sec 32(15%) is more then dep. of company act 2013 policy .
then should i claim 15% dep ?
Regards
jitendra
15 September 2015
u have to charge as per new rule
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