Schedule XIV Depreciation
This query is : Resolved
27 July 2009
Due to economic slowdown, the company worked only 3 days in a week whole of 2008-09.
1. Can the company charge proportionate depreciation?
2. Can that depreciation be less than that prescribed in the Sch XIV?
Thank you.
1. Can the company charge proportionate depreciation?
2. Can that depreciation be less than that prescribed in the Sch XIV?
Thank you.
27 July 2009
Depreciation should be provided for the entire year. Rate of depreciation should not be less than the rates prescribed in schedule X1V to the Companies Act,1961.
Ankur Garg
(Expert)
28 July 2009
Agree with Warrier Sir.
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- GSTR9 Annual Return
- Ito add credit side of bank
- Reward for festival
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Rectification under processing even after 6 months cpc portal
- RCM and same line
- Closer of business and itc of capital goods
- Form 144 TDS Return Validation error
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
