Query regearding dep rate in schedule ii
This query is : Resolved
11 March 2015
Depreciation rate Prescribed in Schedule II is applicable Prospectivey or retrospectively..
11 March 2015
It is prospectively from 01.04.2014 but new depreciation rate and useful life to be applied to existing assets as well.
11 March 2015
Mr. Sanjay but in schedule rates are not given only useful life is given and a formula is to be applied for rate i.e. 1-(scrap value/original cost)nth root of useful life
so this formula is for SLM or WDV method????
so this formula is for SLM or WDV method????
11 March 2015
Parul ji the formula as stated by you is for SLM.
Depreciation rate as per CA 2013 may be seen from link
https://www.caclubindia.com/share_files/depreciation-rate-chart-59179.asp#.VDkhgPmSzUs
Depreciation rate as per CA 2013 may be seen from link
https://www.caclubindia.com/share_files/depreciation-rate-chart-59179.asp#.VDkhgPmSzUs
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
