DEPRECIATION AS PER COMPANIES ACT

NO... NOT MANDATORY IN SCH XIV IT IS CLEARLY WRITTEN THAT THE RATES ARE THE MINIMUM RATE PRESCRIBED.....!!

As per co. Act minimum rate must be charged as per sch. XIV, u can claim higher dep. that as specified.

the only thing to remember that the rate of depreciation can't be lower for that particular asset than what is mentioned in Sch. XIV of the Companies Act.

I have to prepare depreication chart as per per companies act 1956

Pls provide me the format of that

thanks

naresh maini

Here is the attached Schedule XIV, on the basis of that you can prepare the Format of Depriciation Chart.

Ankur Shah (Practicing Company Secretary)

“Guru Gautam” Bungalow, Inside Parshwa Tower,

Nr. Shyamal Cross Road, 132ft. Ring Road,

Satellite, Ahmedabad – 15

Contact: + 91-9427633901

E-mail: ankurjewel @ gmail.com

Blog: csankur.blogspot.com

You can follow my Depriciation Chart also.

Kindly get the attached format.

Depreciation cannot be lower than specified in the companies Act

can u send me Draft Format of Dep Chart as per companies act 1956 sec 350.

Urgent need .......

Regards,

Amit