banner_ad

Query regearding dep rate in schedule ii

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 March 2015 Depreciation rate Prescribed in Schedule II is applicable Prospectivey or retrospectively..
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
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.
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Expert)
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????
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details