CA institute wants flexibility on depreciation rates to Cos
The CA institute favours a regime where depreciation rates for company law purposes are based on the useful life of an asset.
The depreciation rates should also be indicative and not prescripttive as is the case now, Mr Amarjit Chopra, President of Institute of Chartered Accountants of India (ICAI), has said.
Source >>> www.forum4finance.com
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