Depreciation as per schedule ii

Dear All!

Kindly clarify whether the applicability of Depreciation as per Schedule II of New Companies Act, 2013 is prospective or with retrospective effect?

Replies (2)

Hi,

 

The same has not been made applicable as yet....so wait for any clarifications or notifications in this regard from the MCA....

 

Regards

Dear Vandana!

Even though the schedule is not yet notified, is it advisable to implement from 13-14 itself?

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