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Querie related to new depreciation rates as per new co act

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(Querist)
05 March 2014 Dear all,

As New Company Act came into force in august 2013, with new Depreciation Chart and Rates.

My question is
1. For Which assessment year New rates will get applied For ??

2. If new Rates gets applied for AY 2013-14, den how treatment is to be given in books of accounts.. ??


Please let me know your Views....
Thankyou.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
05 March 2014 there are no new depreciation rates for tax purposes.

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