We were adopting income Tax Act for calculation of depreciation in last years till 2014.But now since dep rates are revised as per Co Act 2013, is there a need to change the Accounting Method to Co's Act 1956 till 2014 with retrospective effect ?? or can we just take the WDV as on 31.03.14 (which was in accordance with Income Tax Act ) for calculating remaining life Depreciation.
Menu
Depreciation as per co's act 2013
Replies (1)
You take WDV for rmng life..
For more details refer recent article on Depriciation under Sch II of cos act '13
Recent Topics :
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
Related Topics :
CAclubindia
