Depreciation as per companies act, 2013

It has not yet come into force.  Let us wait for  the  notifications and clarifications.

Thank you v. much sir for information.

@ Agrawal Sir,

Now Schedule II of CA, 2013 has been notified, so now for which year depreciation is to be calculated as per Sch. II of CA, 2013?? For F. Y. 2013-14 or F. Y. 2014-15???

Notification is silent on this.  Since the accounts will be approved by Board in its meeting on 1.4.2014 or thereafter, it is presumed that it will be applicable  for FY 2013-14.

Dear colleagues,

MCA vide general circular no 8/2014 dt 4/4/14 has notified that CA 2013 will be applicable to the financial year commencing on or after 1/4/14.

So, the new depre rules will also come into effect from that date.

Circluar is attached for your ref

Yah, Right, Thank you.

Here is a fine and exhaustive reading on Depreciation in the new act, covered perfectly by an ACA - 

https://financeonline.in/2014/12/24/depreciation-as-per-companies-act-2013/