Schedule ii of co act
This query is : Resolved
Querist : Anonymous
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?
Amol S Joglekar
(Expert)
08 June 2015
You need to apply the rate as per sch II
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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