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Schedule ii of co act

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2015 In WDV Method of Co. Act. if we purchase New Assets in F. Y . 14-15 then Rate of Depriciation?
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Amol S Joglekar

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Amol S Joglekar (Expert)
08 June 2015 You need to apply the rate as per sch II
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 June 2015 if u purchase in fy 2014-15 then just divide the balance ( cost-scrap valeu (max 5% of cost) by life of asset as per sch ii
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