CA
341 Points
Posted on 01 February 2016
Hope this is not first year of business...
Schedule - II to Companies Act 2013 to be followed for life of asset (indirectly rate of depreciation)
We can help you better if you share exact problem in depreciation..
I can sense that you are talking about depreciation rate and period for depreciation.
Depreciation rate are basically derived from life of assets and residual value suggested in Schedule - II, however you will have to calculate annual rate for depreciation and than annual depreciation will be prorated for 9 month out of 12 months.
Hope this help...