Depreciation as per new companies

Dear Experts,

Please tell me which sections of new companies act have been applicable?

Deprection rates as per companies act 2013? are they applicable?

Replies (3)

Yes, Sec.123 read with Schedule-II is applicable  from 1.4.2014.

 

Respected Agarwal Sir,

I want to ask that whether the rates as per Schedule II are applicable for accounts of financial year 2013-14?

No.

 

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