Schedule ii
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2015
Dear Sir,
My query is regarding to schedule II of companies Act 2013.How to give effect as per schedule II on computer purchased on 16/08/2011 as computer is having useful life of 3 years as per schedule II which is expiring in the very first year of application of schedule II?
My query is regarding to schedule II of companies Act 2013.How to give effect as per schedule II on computer purchased on 16/08/2011 as computer is having useful life of 3 years as per schedule II which is expiring in the very first year of application of schedule II?
28 June 2015
You will need to depreciate the computer fully in FY 2014-15 after keeping the scrap value which shall not be more than 5% of the Cost of Acquisition.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- GSTR-9C filing
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
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
