New depriciation rate
This query is : Resolved
Vipin Kumar Sharma
(Querist)
09 September 2015
DEAR SIR
PLEASE BRIEFLY DESCRIBE RATE & RULE OF DEPRICIATION AS PER COMPANY ACT ON PLANT & MACINERY.
REGARDS
VIPIN KUMAR SHARMA
PLEASE BRIEFLY DESCRIBE RATE & RULE OF DEPRICIATION AS PER COMPANY ACT ON PLANT & MACINERY.
REGARDS
VIPIN KUMAR SHARMA
Vishnu Saboo
(Expert)
15 September 2015
As per new rule rate of depreciation will be calculated on the basis of useful life of asset
for example if Machine value is 10000 and useful life of same is 5 years so you have to charge depreciation 10000-500/5.
500 is residule value of asset
for example if Machine value is 10000 and useful life of same is 5 years so you have to charge depreciation 10000-500/5.
500 is residule value of asset
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
- EPF ECR NEW FILE SEP 17TH 2026
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Capitalgain tax purposes for valuation report compulsory
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Non filing of I T Returns
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- Import of Software Service.
- TDS on Fixed Assets purchased
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
